Fashion manufacturers are expected to continuously innovate and reinvent their products. One only has to look at Amazon’s on-demand apparel making business to realize the rules are changing. Consumers fixated on instant gratification want to replicate looks from the catwalk to the sidewalk at lightning speed. With greater demand for personalized clothing to the fading away of the biannual seasonality that has long structured the fashion industry, prioritizing speed and agility are what will deliver competitive advantage.
To keep up, many fashion manufacturers are turning to product life cycle management software to streamline operations, enabling faster, smarter decision-making and help bring a variety of higher quality products to market faster. Here are three ways PLM can improve fashion development:
It delivers a head start to market. A robust PLM system allows the development process to happen faster and smarter because all parties have access to up-to-date information where and when they need it.
Pro-tip: Real-time access to data and information makes collaboration easier so team members can respond quickly to design and change decisions.
It can reduce product-related costs. Materials costs, excess inventory, multiple suppliers, and development that needs to be reworked or scrapped all contribute to high costs during the manufacturing process. The risk of wrong decisions can result in missing a season, tarnishing of the brand, and loss of customers to competition.
Pro-tip: PLM offers tangible savings by improving processes through automation, eliminating waste in the manufacturing process, and providing better data for proactive versus corrective processes. Integration with Infor M3 ERP provides the tools to handle complexity of fashion as well as processes, delivering a holistic view of all the factors inherent to cost management.
It increases the customer connection. With customers gravitating toward personalized experiences, it is becoming more important than ever to really know your customers.
Pro-tip: A PLM system allows organizations the benefit of a lower total cost of ownership by utilizing the advanced analysis and automated reports, allowing more time to be focused on and around the customer.
Take control of your PLM processes and download the guide “Top 7 ways you can create exciting fashions faster with Infor Fashion Product Lifecycle Management.”
Amar Kulkarni is vice president of Manufacturing at Avaap. He works with leading fashion organization to implement Infor M3, PLM, SCE and other Infor software solutions to make their technology and business strategies succeed.