PTC® Retail Solution Launches At JCPenney
12 August 2008 | News | Source: PTC
NEEDHAM, MA – August 12, 2008 - PTC (Nasdaq: PMTC), the Product Development Company®, today announced that JCPenney Corporation, Inc., one of the nation's largest department store retailers, is using the PTC retail solution, FlexPLM™ to help streamline its product development processes by managing the Company’s product specifications, improving collaboration among its global design partners, and helping to expedite overall design and manufacturing cycle times.
To keep up with consumer demand and fast fashion trends in the retail and apparel industry, JCPenney realized that it had to decrease the amount of time it takes to develop a new product line from several months down to a few weeks. To accomplish this objective, JCPenney launched its Cycle Time Reduction initiative, an enterprise-wide program focused on shortening the amount of time from conceptualization to merchandise delivery.
In addition to experienced talent and efficient processes, this initiative required the implementation of a robust technology solution – PTC’s FlexPLM software. Based on PTC’s Windchill® technology, FlexPLM is an intuitive, Web-based solution that streamlines communication, tracks milestones, pre-empts performance bottlenecks, and provides instant visibility throughout the product development chain. Highly scalable and fully configurable, FlexPLM enables global product teams to work more efficiently and productively.
The ability to respond to customer needs quickly and deliver merchandise efficiently is critical to delivering on JCPenney’s vision to be the preferred shopping choice for middle America,” said Peter McGrath, executive vice president, production development and sourcing, JCPenney. “As an important enabler to our Cycle Time Reduction initiative, FlexPLM is a robust infrastructure that spans our global supply chain, enabling our Associates to collaborate more effectively and deliver merchandise that inspires our customers.”
Throughout the last year, the IT team at JCPenney worked with PTC’s solution and implementation team to define and maintain the project’s scope across several functional groups in order to ensure the project was completed on time and on budget for the first three product divisions. This goal was achieved, and JCPenney is now planning to roll out the retail solution to other divisions within the company and its extended supply chain.
"Strong vendor collaboration and a streamlined approach to product development is a major element of any successful PLM value equation,” said Kathleen Mitford, vice president, vertical market strategy, PTC. “JCPenney understands the value of PLM in that it gives the company visibility from product concept to retail delivery. We are happy to continue our work with JCPenney as they implement FlexPLM across their organization.”
About PTC Solutions for Retail
PTC® solutions for retail are designed to meet the product lifecycle management requirements of retailers for their private label product offerings. These web-based solutions are comprised of FlexPLM™ and provide configurable functionality to meet the development requirements of soft and hard goods. PTC is a leading provider to top retailers worldwide.
PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 organizations worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P Midcap 400 and Russell 2000 indices. For more information on PTC, please visit www.ptc.com.
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