Why the Apparel Industry has Outgrown Legacy ERPs11 Sep 2014, Posted by BLOG Posts in
There are very few marketplaces that change as dramatically and as frequently as the apparel industry. Beyond the growing pains, outsourcing, and lack of integration that other manufacturers face, apparel suppliers must also overcome the complexities that come with a diverse and cumbersome supply chain. Consumer needs and demands alter almost daily as industry trends shift in the blink of an eye.
Between design, development, sourcing, manufacturing, distribution, and sales, many apparel industry suppliers lose valuable time and profits due to the inefficiencies in their operations. A lack of planning and foresight can also significantly limit a company’s ability to predict shifts in the market.
This is the hard truth: companies that can’t keep up with industry demands will lose customers to competitors that can.
Technology drives innovation, and this is exactly why many apparel companies are relying on the latest ERP and Supply Chain Management software. If you haven’t looked into upgrading your legacy systems yet, then here are a few things to consider:
You will soon be (if you aren’t already) competing against companies that will be able to:
- Optimize their planning and execution – Remember when companies had to choose between saving costs and growing their businesses? This isn’t the case anymore. With the latest PLM, ERP and Supply Chain Management software, organizations are able to use critical path planning to manage and pace development, streamline operations sourcing and production, and gain the flexibility to easily adapt to market shifts. In other words, better management at a fraction of the previous cost.
- Improve operation-wide interoperability – With the enhanced integration that comes from the new line of state of the art ERP software designed for the apparel industry, companies can connect PLM, forecasting, purchasing, warehousing, sales, CRM, operations, accounting and essentially the entire supply chain together. Companies can now tie strategy, tactics, and execution together to reach unparalleled levels of performance and results.
- Reduce complexities – Often times, systems can become too complex – whether through patches, a lack of integration, or simply an inability to keep up with increasing transaction demands. Complexities result in an increase in manual processes, as well as an increase in administrative workers to keep up with customer demands.
With a more simplistic system, companies can access more accurate and timely transaction data and grow their business without increasting personnel. Being able to better keep up with demands is an added perk through improved supply chain planning.
How reliable is your current ERP system? Does it support your company’s growth? At FDM4, we understand the intricacies of the apparel industry; we’ve been designing software solutions specifically for apparel companies for over 35 years.