The Market Has Changed, So Has The Technology Supporting Your Business.

By Celia
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In the current world of fashion, companies are rallying to become omni-channel (converged digital/physical new versions of themselves), and new opportunities to grow business, to collaborate, and to innovate have surfaced. The global consumer market has developed an insatiable appetite that is fresh and aligned with individual needs. While product customization requires significant changes in a company’s internal processes, fashion brands and retailers face a huge increase in the number of products and categories they carry as these represent new sources of revenues. They also carry more product variants as they adapt to new markets specifications, like sizes, styles and colors. This means they need a robust collaboration platform where product design and development teams can work together and in parallel in functional areas and on several seasonal lines at a time across several timezones. This also means huge gains in reuse and searching for information and supply chain agility.

PLM is no longer enough to deal with this complexity and businesses need to take the right technology approach while maximizing the value of their investment.  The IDC Maturity model white paper assesses the current state of the company organization and defines a road map that maximizes the value of investments across the five maturity stages of PLM/PIP transformation.

It’s an easy, step-by-step model to do your own assessment. Give it a try!

Fashion PLM, IDC Retail Insights




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