The Neiman Marcus Group, seeking to enhance its communications with suppliers and improve its performance, has partnered with the Sky IT Group, an online vendor-selling reporting platform.
The companies said Neiman Marcus will use the SaaS application Skypad to track, create and distribute weekly sales and inventory data and share with their suppliers, and that the program is aimed to improve buyer and supplier collaboration, strengthen business analysis, and target product allocation and reorder opportunities. The idea is to increase sales and reduce markdowns.
“Our industry structure and dynamics continue to change at an accelerating pace. We believe strongly that with the use of tools like Skypad we can enable greater collaboration between our teams and our brands, with better insights and faster execution,” said Nathan Johnson, senior vice president of merchandise planning at the Neiman Marcus Group.
Jay Hakami, president and chief executive officer of the Sky IT Group, added: “The partnership with Neiman Marcus provides for significant benefits for NMG teams and its suppliers/brands community by utilizing Skypad as a single SaaS platform for insights, trends, reorder analysis and collaboration based on one version of the truth.”
Sky IT Group was founded in 2000 to provide innovative data collection, integration and reporting solutions. Skypad is the group’s SaaS reporting platform. It organizes sell-through data of more than 400 suppliers and brands involved with more than 150 retailers.