In today’s fast-paced and ultra-competitive market, retailers and brands face a whole new level of complex challenges.
Speed to market: “The time from the emergence of a trend to its mass dissemination has shrunk considerably, from 1 year to 3 to 5 weeks.”
-The Boston Consulting Group’s Apparel at a Crossroads report, 2017
Cost: Nearly a quarter of retailers consider “driving down costs and improving margins” to be the most significant opportunity for their business in the near future.
-Poll of LiveWorx 2018 retail attendees
Collaboration: Retailers using collaborative tools like PLM “have seen 10% to 15% lift in topline performance, 40% to 60% faster new product launches and up to 20% decline in total inventory.”
-A.T. Kearney: Consumer and Retail Practice, 2017
Supply chain visibility: “96% of respondents ranked supply chain visibility as a major business concern and only 53% feel their performance in this area is good.”
-Supply Chain Insights Sourcing Study, 2017
By providing a single platform for merchandising and line planning, materials management, spec development, sampling, and much more, product lifecycle management (PLM) could be the single-most important investment your retail company can make to ensure your competitiveness.
We are constantly churning out product, introducing thousands of new products every 180 days. By implementing PTC FlexPLM, we have designed new apparel and graphics and have them in manufacturing within 24 hours. That speed allows us to create demand and continually focus on high-performance product innovation.
-Peter Burrows, CIO Emeritus, adidas group
Discover the power of PTC FlexPLM
Manage your entire product line and supply chain with PTC FlexPLM to bring better, more profitable products to market faster.