Home / Knowledge / News / Information Technology / Centric Software embodies its 'Leaders Lead' theme
Centric Software embodies its 'Leaders Lead' theme
25
Feb '10
In spite of a difficult year for IT spending and business investment, Centric ended its fiscal 2010 on January 31 with impressive year-over-year gains in sales, coupled with a host of strategic achievements.

Centric representatives spoke repeatedly throughout 2009 on a “Leaders Lead” theme, about the need for companies to invest strategically to emerge stronger as the economy recovers. Many of Centric's customers adopted this strategy and made Centric product offerings key investments during the year. This resulted in another record year. And Centric heeded its own advice, with significant investments in new product introductions, technical advances, and successful customer initiatives.

“Our focus this year was to stay close to our customers, understand the issues they faced, and provide solutions that enabled them to weather the economic conditions, and emerge stronger and more competitive as their business conditions improve,” said Chris Groves, president and CEO at Centric. “The strategy paid off. We were able to build on our record performance of the prior year, and grow sales by over 40% in target markets.”

Sales Growth
Centric posted over 40% annual increase in sales in fiscal 2010 over last year's record performance.
• Customers with hard lines, soft lines or both in the apparel and fast moving consumer goods markets voted their confidence in Centric 8, the company's comprehensive, web-based product lifecycle management (PLM) and sourcing solution. New or add-on orders were placed by companies including Arden Companies, BassPro Shops, Bravo Sports, Charlotte Russe Holding, Colmar – Manifattura Mario Colombo and Company, Dorel Juvenile Group, INTERSPORT France, KlimUSA, The Coleman Company and more.
• Customers in the automotive, pharmaceutical, construction and building, and education industries placed new or expansion orders for Centric Project and other Centric solutions that manage complex product or process data for large teams. Significant orders were placed by companies including Kiewit, Johnson and Johnson, Bristol Meyer Squibb and Princeton University.

Product Initiatives
Centric product investment delivered innovation for both the Centric 8 PLM and sourcing suite, and the Centric Project family of products.

Centric 8 – A new version of Centric 8 PLM and sourcing suite for apparel and fast moving consumer goods companies was launched. It incorporated significant new capabilities to help customers reduce product costs, closely monitor product gross margins, improve collaboration among global design teams, suppliers and partners, and manage top-down/bottoms-up line planning and profitability alignment. Among the new features and enhancements in Centric 8:
• New Product Profitability Planning module that factors all aspects of contribution margin into planning and managing a product's profitability, across development, sales channels and suppliers, and ensures products meet margin targets before they launch.

Must ReadView All

Apparel/Garments | On 27th Apr 2017

Boohoo's revenue increases 51% to reach £294.6 mn

Fashion e-commerce marketplace Boohoo has recorded a 51 per cent...

Apparel/Garments | On 27th Apr 2017

Amazon catching up with Flipkart in India: RedSeer

Online marketplace Amazon India has caught up with its biggest rival...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search