Today Leading Apparel Companies Face Unprecedented Product Development Challenges
Complex multi-channel distribution networks, dynamic consumer demands, pressure to deliver to increasingly aggressive calendars, and global sourcing have created a fast-changing environment where rapid decision making in product development means the difference between success and failure.
Major apparel companies are attempting to manage high rates of product change globally across multiple product calendars, using thousands of different materials, and producing more than ten thousand samples annually. Yet, apparel companies typically manage product data with disconnected systems, spreadsheets, and unstructured data.
Leading Apparel Companies are Turning to PLM to Maximize Value
Effective decision making and execution requires accurate product information and data. Today's apparel leaders are adopting Product Lifecycle Management (PLM) technology enabled by a single version of the truth (or Product Data Record) to manage product information, supplier collaboration, project management, compliance, and design re-use.
What is PLM in Apparel?
The components of a comprehensive PLM solution for the apparel industry can be broken down into four main capabilities:
What are the Benefits of PLM?
PLM Impacts the Apparel Value Chain
With a successful PLM implementation, a typical day in the life of designers, vendors, and decision makers becomes more efficient.
LakeWest Group and Kalypso Combine Talents to Deliver PLM Solutions for Our Clients
LakeWest Group and Kalypso recognize that apparel companies are beginning to realize the benefits of defining and implementing a PLM process. A clearly defined PLM strategy along with enabling technology will make dramatic improvements across the entire product lifecycle allowing multi-channel retailers to remain competitive in the current market place. The balanced approach of our unified methodologies will help apparel companies improve speed to market, collaborate across the value chain, produce the high quality products at the lowest cost, and deliver on the promise of innovation in todays competitive industry.
About the Authors:
Bob Antall is the CEO of LakeWest Group consultants a Company with expertise in retail and wholesale industry and cross-functional skills in Merchandising, Distribution, Planning, Store Operations, Finance, Supply Chain Management, Product Development, and Information Technology.
George Young is the Founding Principal of Kalypso which is a consulting firm serving the world's most innovative companies. The firm helps clients to deliver on the promise of innovation. Service offerings encompass all aspects of innovation including product strategy, development, introduction, commercialization, lifecycle management, and PLM systems selection and implementation.
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