Why do Fashion brands and Retailers have to adopt an out of the box PLM solution?

By Celia

Fast fashion, right fashion, on-time fashion, think global, act local, these are not just buzz words, they are real challenges big and not so big fashion brands must meet to satisfy consumers. The fashion landscape has changed because consumer buying habits have undergone a tremendous swing from the 1980s when clients used to shop at departments stores all stocked with the same product offering. These temples of fashion, which enjoyed a comfortable 10% share of the retail market at the time, have since lost their shine (attaining only a 2.6% share in 2011) in favor of smaller, more intimate specialty channels that cater to the specific tastes of the local consumer.

So what happened?

Fashion Collection for SMBPeople are tired of the global, impersonal model and want to be taken for who they are — individuals. The popularity of mobile technology and social networks confirm this individualization.  So, if brands want to reach these new consumers, they must speak their language so to speak, get closer to them, and cater to their local cultures, their likes, and their “individual-ness”. In an article published this month on whichPLM the author mentions another trend in which consumers long for a return to the friendly and available local shopkeeper of yesterday. The challenge is therefore twofold: on one hand brands can no longer exploit one channel with a uniform offering and hope to satisfy a global population that has become ever so ”individual” and on the other, they need to take into account a consumer’s desire for a more personal and intimate shopping experience. SH Lee, chairman of Tesco’s Korean Home, declared the “age of imperialism” over and urged retailers to tailor their offer to local cultures. And bingo! Focusing its efforts on the Korean consumer helped propel his company from 12th to 2nd largest retailer in Korea.

Keeping a profitable balance, however, between producing en masse but with a local twist is not easy. Not only do brands have to manage local differences in their product offerings, they have to turn out new collections fast to satisfy consumers’ desire for renewal. Success depends on whether brands and retailers can stay in touch with consumers’ changing needs and interests. PLM technologies can give brands better visibility when managing consumer feedback as well as assortments, designs, suppliers, manufacturing, and merchandising. As a matter of fact, industry experts predict fashion brands will invest billions in technology. IDC foresees that as product assortment refresh cycles quicken, 25% of mid-sized retailers will initiate new PLM or sourcing projects in 2014. And according to Just-style.com, the PLM market, “could grow up to 40% annually by 2014” boosted by medium-sized apparel firms that are planning to implement this technology.

Big vs. not so big

Fashion Collection for SMBAs speed to market and evolution in consumer tastes accelerate, apparel companies will need the power of PLM technology to  survive. But are all PLMs equal? Can large brands and not so large or niche players use the same PLM? When faced with the  question “to PLM or not to PLM”, how does one choose? When it comes to investing in PLM technology, big and not so big  brands pay attention to different things. 5 years ago a Tech-Clarity study had already pointed out that SMBs have their own wish  list for PLM that includes ease of use, rapid implementation, pre-defined templates, built-in best practices and a solution that  evolves as they grow. Yet today, PLM can still scare some SMBs away because they think it is too complex or too expensive to  implement. They do not have the same resources the big players have. But if the PLM in question is powerful yet packaged as an out-of-the-box pre-configured solution, it levels the playing field by reducing investment and cost of ownership for an SMB whose limited cash flow is not uselessly invested in functionalities that are too broad for its needs. Fashion Collection for SMB is for those not-so-big fashion companies that want to have the power of a PLM solution but scaled to their requirements. This out-of-the-box solution is also easy to learn and implement –a critical factor for user adoption.

The numbers speak for themselves

Brands that have adopted the 3DS solutions have produced some pretty impressive results: 200% increase in technical design productivity for a European outdoor brand that is able to review and approve 5 times more samples in the same amount of time or a medium size ready-to-wear apparel company that experienced threefold growth in product breadth and overall product lines. So if you are an SMB looking to grow your business and strengthen your brand, Fashion Collection for SMB is your door to PLM.

Learn more about Fashion Collection for SMB.

Celia NEWHOUSE is a member of the Consumer Goods Industry team.

 

The Fashion Industry gets ahead of the curve in Mexico City

By Feranda

The quality of Mexican products is a competitive differential against the hard actual competition at Mexican Fashion market. With this in mind, Dassault Systemes and IQ Innovation, got together for a unique event to discuss the role of technology in the Fashion industry. Cristina Pineda, co-founder of Pineda Covalin, was our special guest.

At the W Hotel in Mexico , more than 40 attendees from fashion brands and retailers joined this breakfast to listen to Cristina’s story, and how Dassault Systemes and IQInnovation help the Fashion industry gain visibility across the globe, having shorter product lifecycle, improving sales with Dassault Systemes’ 3DEXPERIENCE business Platform.

Enrique Marin from IQ Innovation provided an overview of the Mexican Fashion Market.

The quality of Mexican product is an important competitive edge regarding the fierce competition we have to face, Dassault Systèmes is a powerful tool to improve product quality
(La calidad del producto mexicano es un diferencial competitivo tiendo en cuenta el mercado competitivo que enfrentamos, Dassault ofrece una herramienta poderosa para mejorar la calidad de los productos)

Then Aurore Furnaletto, Sales Manager Consumer Goods and Retail from Dassault Systèmes took over. She introduced two 3DEXPERIENCE solutions for Fashion brands and retailers: Fashion Collection for SMB and My Store, or how fashion brands and retailers can leverage technology in all  processes from design to production to store operations. Then Aurore kept audience’s attention with Guess customer case. She presented the different stages Guess went through to adopt Dassault Systèmes’ solutions.

Cristina Pineda, co-founder of Pineda Covalin powerful Mexican luxury brand, with stores in Mexico, Colombia, New York and China, showed how technology complements creativity and the design at market.

To stay competitive in this market, we have to be local, to be able to guarantee our product quality.
(Para sieren competitivos en esto mercado teren que ser locales, para garantizar la calidad de los produtos.)

To close this breakfast Aurore took the audience to the future of fashion with a presentation of FashionLab, Dassault Systèmes technology incubator dedicated to fashion designers. Attendees had also the surprise to discover Paris 3D, with 3D reconstructions of monuments showing the Fashion capital at various times.

Special thanks to Cristina and our guests, we are very proud to have held this fascinating Industry Breakfast alongside our partner IQ Innovation,

Stay tuned for our next event and see you again soon!  :-)

Feranda is a member of Dassault Systemes São Paulo team

Talking Canadian Fashion with Mr de Castelbajac

By Celia

Recognizing Dassault Systemes’ leading market position in the fashion industry, our host, Government of Quebec in Paris, invited us to attend a press conference on the 13th edition of the Festival Mode et Design in Montreal to be held July 31st to August 3rd.  Every year a few blocks in downtown Montreal for this 4-day fashion event. Over 500,000 visitors walk the streets and attend the many shows to discover Quebec’s best fashion styles.  This year’s honorary president is the multi-talented Jean Charles de Castelbajac whom I had the pleasure to meet.  Jean-Charles de Castelbajac will give a series of events: “Fantomes”, an artistic performance that mixes electro music and fashion, a conference at the Montreal Museum of Fine Arts, urban art and more.

A good reason to visit Montreal this summer!

And here are the wonderful people making it all happen: Sensation Mode

More on Dassault Systèmes solutions for fashion brands and retailers: www.3ds.com/consumer-goods

Celia is a member of the Consumer Goods Industry team.



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Beyond PLM (Product Lifecycle Management), Dassault Systèmes, the 3D Experience Company, provides business and people with virtual universes to imagine sustainable innovations. 3DSWYM, 3D VIA, CATIA, DELMIA, ENOVIA, EXALEAD, NETVIBES, SIMULIA and SOLIDWORKS are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries.