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Innovations ''deliver Burberry inventory savings''

27 May 2010
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Innovations ''deliver Burberry inventory savings''Clothing brand Burberry has announced that it has implemented a series of inventory control techniques to deliver cost savings across its global network.

The company has revealed it has made a series of improvements to its supply chain under an international cost efficiency programme that reduced spending by £50 million in the 2009-10 financial year.

"Tighter assortments, improved planning and the global buy initiative all helped reduce year-end inventory by 36 per cent to £167 million," it stated, reporting a 22 per cent increase in operating profit to £219.9 million.

"Enhanced replenishment and assortment processes contributed to gross margin improvement."

This was in spite of retail space growing by nine per cent during the 12 months and the luxury goods firm is planning further investment in its supply chain over the next 12 months, as it continues to expand its operations.

Burberry, founded in Basingstoke in 1856, is implementing a continuous improvement scheme to enhance its womenswear, menswear, non-apparel and childrenswear units.ADNFCR-3058-ID-19804288-ADNFCR
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