Centric Software has released the latest version of its product lifecycle management (PLM) solution, which offers several new innovations including 3D technologies to boost design proposals, increase product variety and speed time-to-market, and high-volume sourcing capabilities.

Centric 8 PLM versions 6.4 and 6.5 are driven by feedback from the firm's Customer Advisory Board and close partners from retail, fashion, outdoor and consumer goods.

"This update of Centric 8 responds to the increasing pace of new product introductions, the necessity to maximise best-sellers and the need to create innovative designs quickly," explains Ron Watson, VP of product at Centric Software. "In order for brands and retailers to offer a variety of well-designed goods, hundreds of thousands of design proposals or prototypes might be reviewed with as few as ten percent retained for development. Brands and retailers also want to minimise risk and keep consumers happy by offering variations of best-selling, core designs. Of course, all of this has to be done quickly as time to market and time to trend are key."

Over the past year, Centric Software worked with large retailers and brands on many innovations that facilitate the high volume development of products such as tools that enable the simultaneous development of hundreds of styles and multiple seasons, streamline the development of goods for multiple markets and the AI Image Search for faster decision-making in design and development.

Centric 8 PLM v6.5 continues this theme with several new innovations including 3D and CAD-agnostic 3D Sample Review. Retailers and brands can use 3D technology from any CAD vendor for rapid product visualisation and prototyping, accelerating product iterations while also reducing time-to-market and prototyping costs.

In addition, high-volume sourcing capabilities found in v6.5 are particularly well-suited for brands, retailers and multi-category retailers that co-design and source finished products from suppliers. New tools allow users to quickly issue design briefs to many suppliers and agents simultaneously, gather and iterate designs in Centric 8, and seamlessly launch development leading to a dramatic increase in both product innovation and the number of products launched. 

It is also now possible to easily vary a core design in many different materials, colours, sizes, trims or other styling details. With these new tools, one technical designer can manage hundreds of styles at once and companies can easily produce thousands of variations to serve different target customers, geographies and sales channels, Centric says.

"We are delighted to announce that Centric is expanding the definition of what PLM can do with the release of version 6.5," says Chris Groves, CEO of Centric Software. "We worked in close partnership with large retailers and brands to create innovations that will make it easier for companies to retail, develop and source a wider variety of products faster and more efficiently. Centric continues to provide solutions that give our partners the edge in a competitive global marketplace."