Software company SAP has partnered with global management consultant Accenture to develop a "next-generation" fashion management solution to enable vertical integration across retail, wholesale and manufacturing channels. 

The collaboration will use the SAP S/4HANA platform is designed to help retailers accelerate visibility and integration across retail and wholesale channels and is part of the ongoing collaboration between the two companies.

The next-generation fashion management solution aims to take advantage of the technology capabilities of SAP S/4HANA, the flexibility of cloud services and Accenture's deep retail industry knowledge.

According to SAP, the platform will help retailers build omnichannel solutions that manage inventory requirements more easily and effectively while accelerating time-to-value to enable a customer-centric business. Retailers should be able to simultaneously view and manage retail, wholesale and manufacturing channels, allowing them to analyse and direct where and how products are stocked based on specific business rules.

"Retail demands speed – whether interacting with customers, bringing new products to market, expanding into new geographies, integrating merged companies or driving operational efficiencies," says Jill Standish, senior managing director of retail at Accenture. "Working to extend SAP S/4HANA to the fashion industry is the first of many planned actions in our collaboration."

In addition to building out core components, Accenture is working with SAP to create proprietary product extensions. With the help of Accenture, the solution from SAP will offer a vertical solution via end-to-end scenario integration across the extended retail supply chain.

According to SAP, S/4HANA enables "game-changing" new processes such as multichannel material requirements planning and order allocation, with the ability to simulate scenarios that allow fashion organisations to effectively and efficiently run their businesses.