Eqos will take a certain amount of risk out of the order system and improve reaction times.
It is a web-based solution that helps retailers manage product sourcing from the initial concept stage.
Speed sourcing, fast fashion or quick response has become a competitive issue in global retailing, with some international vendors; using the increased speed to market as a cornerstone of success.
They regard clothes as fresh produce, or a perishable commodity that is consumed quickly, just as grocery retailers would think of fruit and vegetables or fresh bread.
Short lead times enable the store to stock more fashionable merchandise, and low production quantities create artificial scarcity.
Other retailers also operate on lead times of anything between four and 12 months.
This means that while a more flexible operation can react to
trends that are happening on the street, others try to forecast what customers intend to buy in a few months' time.
Merchandise is sold within the specific month that it arrives in the store, allowing new ranges to come in almost immediately.
Retailers don't order huge amounts of stock, helping them improve margins, as they won't need to have huge markdown sales at the end of the season.