PLM assists growth in apparel industry
Provider of product lifecycle management (PLM) for the apparel and private label industries Centric Software claims that PLM has significantly contributed to growth within the apparel industry.
Its report entitled ‘PLM for the Fashion, Apparel and Footwear Industries: Enabling Speed and Responsiveness, Delivering Higher Profitability,” states that that ‘best-in-class’ apparel and footwear companies are 54% more likely than the industry average to have an integrated PLM implementation in place. It also claims that of those that have had PLM implementations for more than a year, 65% report year-on-year revenue growth. “Best-in-class fashion, apparel, and footwear companies are using PLM to improve their ability to respond to rapid demand changes and complex global supply chains, resulting in an increased ability to get products to market on-time and at target cost,” said Jim Brown, vice president of product innovation and engineering research at Aberdeen Group, who wrote the report. “Our research shows that apparel and footwear manufacturers with mature PLM implementations are seeing improvements in key performance metrics, including higher sell-through on products, and they are reacting more quickly to customer preference changes.”
“The fast-paced nature of the fashion and apparel industry today dictates that companies rely on a system that will enable them to centrally manage information for better global collaboration, cost management, and faster time to market,” said Chris Groves, president and CEO of Centric Software.
