News Release:

February 14th, 2022

Management One Ltd and FAVES Solutions, Inc. today announced the launch of a technical and business partnership to better serve their shared customer base in independent retail.  Starting in Q2 2022, all FAVES customers who are also Management One Ltd customers will be able to view their open-to-buy budgets generated by Management One’s leading inventory planning service, directly in the FAVES Pro app.  The first three pilot customers are already successfully using the integration.  The incorporation of Management One OTB budgets into the FAVES Pro app will help customers of both companies manage their buying activities more efficiently, more accurately, and more profitably.

Ulla Hald, CEO of FAVES, said, “We are delighted to extend our partnership with Management One by bringing their powerful open-to-buy budget planning to FAVES Pro. With this seamless integration, our mutual customers will always have up-to-date budgets in the palm of their hand.”

Mike Alic, President of Management One, added, “Management One provides the premier tools for retailers to monitor their merchandise metrics, forecast their sales, and plan their open-to-buy.  FAVES Pro, as a convenient visual tool that helps retailers make and review their buys intelligently when visiting trade shows or buying online, is a great complement to Management One, and many retail business owners have asked for a partnership and integration.  In fact, some joint customers have already configured their FAVES Pro app to work with their Management One plans on their own.  We have found that FAVES shares Management One’s commitment to the success of independent retailers, and our values.  We’re delighted by the partnership.”

About Management One

Management One is the leading provider of merchandise planning, business insights, and education to thousands of independent retailers around the world.  We leverage our proprietary software to collect, process, and analyze retail data to build reliable growth and profitability plans for our customers.  We deliver these retail merchandise plans through an unequaled global network of retail consultants. As a result, Management One helps create financial security for our clients, our affiliates, and our people.  www.management-one.com. 

About FAVES

FAVES Pro is the premier purchase planning and order management app for fashion and home retailers. Buyers worldwide depend on FAVES Pro to stay on top of their orders, track deliveries, and avoid costly mistakes such as overbuying. Combining visual curation with powerful search and budgeting tools, FAVES Pro captures purchases across all vendors — whether online or at trade shows — ensuring you always have the complete overview.