PLM: Enabling faster, better collaboration in product development
With the fast-changing dynamics of retail today, rethinking the way you do business is a necessity, including your product development process. Whether you are an in-house brand or outsourcing your private label products, you are feeling the pressure of industry challenges to deliver the right products, at the right price, at the right time. Leading retailers recognize that the benefits of private label development are greater than any of the challenges and are turning to Product Lifecycle Management (PLM) to enable the product development and sourcing processes to include supply chain collaboration.
The substantial increase in the percentage of retail private label products means you need to manage product assortments to include branded products, private label products and exclusive products. As a result, your in-house product development groups are growing and your supply chain relationships are evolving. You need one streamlined product lifecycle management (PLM) system with clear, real-time visibility to handle all the critical business processes and enhance supply chain collaboration.
PTC has pioneered a solution specifically to assist a retailer with these demands. Across diverse product categories, PTC’s proven retail PLM solution provides efficient management of all product-related data and associated processes, throughout the extended global supply chain from initial concept to retail delivery.