PLM - Product Lifecycle Management

TXT PLM: a single solution from concept to stores

TXT PLM goes well beyond product data management (PDM) to include planning, collaboration and workflow management functions.

Fashion companies face a number of challenges:

• Style and SKU intensity associated with the development of new lines
• The commitment to be demand-driven and deliver products that customers are willing to buy
• Ever shorter product lifecycles
• The need for tighter control and communication between headquarters, overseas offices and strategic partners across more global supply chains

 

The solution helps to not only manage intense data information, but also provides tight linkage among all processes and people involved in new collections development

Functions

• Collection Planning: perform effective budget planning, define the categories you want to push, establish the number of product variants, colors, costs, sales prices and margins.
• Product development: develop story boards and line boards that can reconcile the creative perspective with the budget perspective coming from the collection plan. Generate the main product specifications that will lead to the first prototype. Share this information with possible suppliers, get quotations and collaborate with them to finalize the product specifications. An advanced PDM functionality supports this process by providing a centralized management of information (sample and product technical worksheets, images, related documents).
• Collaboration with partners: easily share production and purchase plans with suppliers via the web. Track order status along the whole supply chain and set KPIs and dashboards to rate suppliers activity over time.
• Deliver and analyze products performances in-season:identify best and slow-sellers, understanding which product categories are to be pushed in the next season and using this information to start new collection planning again.

Along the whole collection lifecycle, TXT workflow, event, reporting and performance management functionality helps distribute tasks to all actors involved. It synchronizes each activity, tracking the status against the deadline and highlighting where major issues exist to react in real-time.

Benefits

• Holistic view of data generated in the PDM database
• Tight integration between collection planning and product development to help people develop the right products at the right cost
• Better collaboration with suppliers and increased responsiveness
• Management by exception and fast problem solving
• Improved visibility and supervision at each step

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