When measuring success becomes slow.
In fashion, seconds matter. The industry operates at a very fast pace, accelerating demand and increasing the number of transactions.
TAL Apparel thrived under these demands. Founded in 1947, it is now one of the largest integrated textile and garment operations in Asia. It manufactured over one billion pieces of garment since 1983, and has more than 26,000 employees working in nine factories and five offices in seven countries.
Global brands, such as Brooks Brothers, Burberry, Charles Tyrwhitt, Nordstrom, Patagonia and more, depend on TAL Apparel’s manufacturing capabilities. One in every six dress shirts sold in the US market is from the company.
To ensure it is on track, TAL Apparel relies on over 800 reports. This includes around 400 to 500 submissions at every month end from the entire Group. They examine sales, expenses, shipments, cost of goods sold, and inventory, conduct actual vs budget analysis for financial reporting and management reporting.
The insights within these reports help its senior management to track and drive company performance, forecasts more accurately, and manage business outcomes more precisely.
However, business growth meant more data, which meant enterprise reports took longer to produce.