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Home / Knowledge / News / Information Technology / Centric bags Frost & Sullivan's Product Leadership Award

Centric bags Frost & Sullivan's Product Leadership Award

23
Oct '18
Courtesy: Businesswire
Courtesy: Businesswire
Centric Software has bagged the 2018 Product Leadership Award from top consultancy firm, Frost & Sullivan. The award was based on the analysis of product lifecycle management (PLM) software for the retail, fashion, apparel, and consumer goods industries. Centric Software makes enterprise solutions to fashion, retail, footwear, and consumer goods companies.

Frost & Sullivan Best Practices awards acknowledge companies in regional and global markets that demonstrate outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare participants and measure performance through in-depth interviews, analysis, and exhaustive secondary research to identify best practices in the industry. Based on market feedback, Centric was evaluated against six other major PLM vendors and determined to be the clear winner of the Product Leadership Award, Centric said in a press release.

“A common challenge for these businesses is that most traditional PLM solutions are designed for heavy, harsh, asset-intensive industries, whereas they need modern industry-specific PLM solutions that are agile, flexible, and user-friendly. Centric Software’s strong global presence and ability to outpace competitors is underpinned by its expert team of specialists who design and build PLM solutions for fast-moving consumer goods industries,” Kiravani Emani, industrial automation & process control senior research analyst at Frost & Sullivan said.

“Retail, fashion, and consumer goods companies need solutions that enable complete visibility and control across the value chain and deliver the right product to market at the right time to maximise revenue. Centric’s flagship Centric 8 PLM platform has excelled in this arena, creating a unified platform to oversee and operate everything from design to distribution,” Emani added.

Frost & Sullivan notes that Centric’s customer retention rate of 99 per cent is a testament to the company’s capabilities. Centric is enjoying sustained revenue growth rates, adding significant numbers of new customers each year and expanding into fresh territory, such as Latin America, at an impressive pace. Centric’s continuous development of new features and upgrades to enrich user experience is also highlighted in the assessment.

“We are delighted that Frost & Sullivan has once again recognised Centric’s strong company mission and unique product vision. This award is a testament to the entire Centric team and to our commitment to innovating for the retail, fashion, apparel, and consumer goods industries with solutions that offer unparalleled visibility, constant evolution, and transformative digital tools,” Chris Groves, president and CEO of Centric Software said. (GK)

Fibre2Fashion News Desk – India


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