The Fashion Trend of PLM
Remember when Diane Von Furstenberg wore Google glass down the runway at NYFW13? Or when WhoWhatWear was the only site capturing day-to-day celebrity fashions? Behind the scenes is no different. The relationship between technology and fashion has been growing steadily over the last few years.
In addition to the technologies we see on the runway or online, advancements are happening behind the curtains as well. Product Lifecycle Management technologies, or PLM, have long been enhancing the way that products move through production and reach the shelves. Incorporating new technologies into PLM is where apparel and the future intersect. Here are some of the current trends we see in PLM.
- PLM in the cloud is growing in popularity. It enables global manufacturers to collaborate with partners, manage different stages of product development, and track deliverables. Some manufacturers use the hybrid cloud model to suit their needs, using public cloud features for product tracking and operations and private cloud features for more sensitive design intel.
- Enterprise resource planning (ERP) and PLM systems can be positioned to work together. PLM takes a product from initial concept through production, and ERP picks up that product data to create insights into production resources, financials, and other business activities. More data and better insights lead to more effective decisions and planning.
- PLM processes effect time to market. As with any industry, being first matters. 35% of apparel companies have improved time to market utilizing PLM. To penetrate the market means incorporating new, faster processes into the production lifecycles. Modernized PLM systems provides a storehouse for all product information – from raw materials to pricing – speeding up processes and time to launch.
- Mobility within the PLM brings a major shift in the time it takes to gather data. Improving production timelines with quick reactions and decision-making allows all teams, including sales, to engage and coordinate with product development, supply chain, and store operations.
For competitive companies, investing in technology is part of a strategy to increase market share. With 63% of apparel companies planning to increase their current investments, the right PLM partner can mean the difference between setting a trend and being last year’s look.
FDM4 PLM is specifically designed to manage every aspect of the product development process. With tools such as sophisticated costing and critical path workflow engine, as well calendars that are associated to entire collection, FDM4 has thought of everything for the PLM system that takes apparel companies into the future.
Reach out to an FDM4 expert today at 866-676-3364 or email email@example.com