Product Lifecycle Management

The key to competitive advantage: right product, right time, right place - fast

Apparel manufacturers and Fashion retailers have unique challenges. Shrinking lifecycles and tough competition have pushed them to raise the number of yearly collections and consequently planning is weekly, no longer monthly. To add to this challenge, pressures on margins require companies to control costs and maximize the value of their innovation processes. In the midst of fast product development, designing right “first time” collections that are balanced with a company’s strategic and financial targets is easier said than done, but PLM can make this a reality.

Capitalizing on the results of PDM, which is its core, organization are building on this success to embrace more strategic PLM projects:

  • Integrate design with demand and merchandise planning to easily reconcile the design perspective with customer insights, strategic and commercial targets
  • Set joint development strategies with partners
  • Manage the entire workflow and identify KPIs to measure innovation performance over time.

Product Lifecycle Management

TXTPERFORM2008 offers an end-to-end PLM footprint for the apparel, fashion and accessories industries covering PDM, Merchandise, Assortment Planning and Supplier Collaboration. The integrated footprint consolidates all PLM requirements under one roof. Workflow and Performance Management functions help take the best decisions based on facts and drive the organization towards achieving key milestones and metrics thus enhancing overall responsiveness.

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The Benefits of PLM:

  • Companies can expect to see significant benefits from their PLM implementations.

    In a context where new products fail by as much as 75% and 35% of development times are spent on non value added tasks due to lack of information, PLM can help:

     

    • Reduce product failure risks
    • Enable complete adherence to budget
    • Reduce over development
    • Avoid process friction
    • Reduce lead times by as much as 50% which results in maximized full price sell through and increased margins

TXTPERFORM2008

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