The fast-fashion revolution is changing the face of the global apparel industry, which is struggling to meet the demands of an increasingly fickle clothing consumer. Retailers are under growing pressure to deliver ten fashion collections a year (up from the traditional four) to cater to shoppers with short attention spans while rising manufacturing costs and falling point of sale (POS) prices are squeezing margins.
Italian premium lifestyle brand uses PLM software to fuel international growth
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TRANSFORMING A FASHION COMPANY "With unprecedented shifts in fashion, business model transformation is needed in order to stay competitive and grow. Fashion companies can thrive with strategies such new brand or market development while also mastering business drivers such time to market, newness and fit.
What else is likely to be topping the apparel industry's technology agenda this year? Tools that can introduce innovation into the product lifecycle - such as social connectivity, product personalisation and 2D/3D CAD and 3D printing - are all coming to the fore. Cloud-enabled technology and PLM are also high on the agenda for many fashion and apparel companies, as are data security, visibility into factory and environmental issues, and the rise in reshoring.
Where should apparel firms be focusing their investments now if they want to remain competitive into the future? While technology agendas will vary from business to business, a recurring theme is the need for business intelligence and analytics tools to monitor performance. Advanced PLM solutions also have a key role in the introduction of new styles and on-trend products.
Time and again a familiar scenario plays out across the apparel industry: Retailers and brands push more new products across multiple channels in the hope of striking a sale, yet volatile and unpredictable demand means they have to turn to markdowns and promotions to shift high levels of stock
Expertise and leading-edge technology to develop business growth
The core idea of a product lifecycle management (PLM) system is that it manages the entire lifecycle of a product from concept origination through design and development.
The Momentis Fashion System has proven itself to be invaluable to companies experiencing rapid growth and wholesalers forwardly integrating to become retailers themselves. Read this customer story to see how Momentis worked for FAB, one of Montreal’s premiere fashion wholesale distributors, representing popular international brands such as Bench and Scotch & Soda.
Enabling ‘Real time collaboration’ with supply chain partners using YuniquePLM