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PLM technology helps apparels achieve sales growth
27 Mar '08
3 min read
Centric Software, a leading provider of product lifecycle management (PLM) for the apparel and private label industries, announced key findings from a report entitled “PLM for the Fashion, Apparel and Footwear Industries: Enabling Speed and Responsiveness, Delivering Higher Profitability,” written by leading analyst firm Aberdeen Group.
The report reveals that Best-in-Class apparel and footwear companies are 54 percent more likely than Industry Average to have an integrated Product Lifecycle Management (PLM) implementation in place. Of those with PLM implementations for over a year, 65 percent report year-on-year revenue growth – emphasizing the growing value of PLM to the apparel industry.
“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.
“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. There is little doubt that enabling PLM technologies such as those provided by Centric are helping fashion, apparel, and footwear companies become more agile and meetthe challenges of their markets.”
The report reveals that Best-in-Class apparel and footwear companies are 54 percent more likely than Industry Average to have an integrated Product Lifecycle Management (PLM) implementation in place. Of those with PLM implementations for over a year, 65 percent report year-on-year revenue growth – emphasizing the growing value of PLM to the apparel industry.
“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.
“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. There is little doubt that enabling PLM technologies such as those provided by Centric are helping fashion, apparel, and footwear companies become more agile and meetthe challenges of their markets.”
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