It's no secret that the worldwide retail marketplaces for clothing, footwear, and accessories are complex, competitive, fast-paced, and constantly changing.
Fashion and clothing firms can embrace digital transformation and use technology like PLM (product lifecycle management) systems to gain a competitive edge. But what are the main advantages of comprehensive PLM software, and how can it help businesses become more competitive? Let's try to clarify.
Photo by Alyssa Strohmann on Unsplash
Data can quickly become out of date when it is used by almost every department inside a company. Departments may soon be using outdated information if the data is not stored and maintained in a single location that everyone uses.
With a centralized apparel PLM system, everyone can access the same product data at any time and from any location, and view changes and updates as they occur in real time, lowering the possibility of errors resulting from incorrect or incomplete information.
Shortened Development Cycle
By establishing a single, centralized source of truth for the company data, it will be simpler for designers to work together throughout the development stage. A garment can be digitally created, reviewed, analyzed, and produced in addition to utilizing other PLM and manufacturing technologies.
When all of these factors are taken into account, the time needed to develop clothing can be greatly decreased.
When companies adopt a PLM system, they also establish a central location for all of their engineering and design data.
This means that when it comes to creating new clothes, some of the work might already be completed, and any lessons learned from earlier projects can be used to this one to avoid making expensive mistakes.
Having a central repository enables the teams to connect the data to proposed or planned product innovations and development in real time.
Thanks to the organization's wide access to the product lifecycle management system, the development, and design teams are able to obtain helpful information about current goods from the marketing, sales, and customer support teams. This information is essential to ensure that products continue to get better and are of high quality.
A product lifecycle management platform gives apparel businesses the ability to increase operational efficiency by eliminating non-value-added activities and operations, automating and streamlining workflows, and, where practical, optimizing internal processes. Members of your staff can generate product information rapidly without switching between systems or starting manual operations by implementing design templates and automation.
Employees are able to search that data, access it, and reuse it more quickly than ever before because of the central storage of all product, project, and manufacturing information. This allows the company's productivity to increase overall.
Reduced Compliance Risks
Making sure that a product complies with all the most recent compliance standards, rules, and regulations can be a challenging task.
Luckily, by organizing all the documentation and processes associated with ensuring that your goods are fulfilling the appropriate standards and regulations in a single PLM system, fashion companies are able to easily and rapidly audit what has already been accomplished and what needs to be finished.
Photo by Clark Street Mercantile on Unsplash
Higher Customer Satisfaction Levels
With a product lifecycle platform, your customer support team will be able to input critical customer experiences and feedback directly into the system, allowing this information to be reviewed by operations, engineering, and production teams.
Your company will be able to react to customer feedback and adjust the production process or products accordingly, ensuring higher levels of customer satisfaction.
In a highly competitive market where trends continue changing at a fast pace, fashion businesses must be quick to adapt to shifting consumer needs, changes in the industry, and new regulations in order to stay on top of the game.
A product lifecycle management system enables the company to scale and adapt as needed. They are able to swiftly build new goods or product lines, reuse existing materials to develop new garments, raise the level of product customization, communicate with partners and suppliers on a single platform, and offer a comprehensive view of every project and product within the company.
When all of these skills are put together, businesses may expand and adapt to new situations in order to maximize their earnings.
Sign In / Sign Up