Centric Software has released the latest version of its product lifecycle management (PLM) solution, which focuses on streamlining the go-to-market of products destined for multiple markets and/or channels.

Centric 8 PLM V6.3 features new Product Information Management (PIM)-like capabilities that improve the accuracy of global product information. In addition, new PLM features improve global orchestration of the supply chain.

"As most brands, retailers and manufacturers today sell and source in multiple markets, there is a big demand to localise content as part of the product development process," explains Ron Watson, vice president of product at Centric Software. "Preparing products for sale in different markets requires tracking local content and labelling regulations in addition to creating localised product descriptions and pricing.

"The amount of necessary product information multiplies exponentially, and users, managers and executives not only need one source of the truth and specialised tools to track it all, but also the ability to what-if, roll-up and analyse this information in order to make decisions that drive the financial success of the line."

Users can now develop once and sell globally in local currencies, languages and in compliance with local labelling requirements. They can create price lists by region, channel or country and they can also automate information for local product content/composition, care labels and other regulatory requirements. Time to market is greatly streamlined, work eliminated and the risk of error significantly reduced as the tedium of thousands of clicks and tracking via spreadsheets, or even paper, has been eliminated.

Global supply chain orchestration is also a key point in this release with new BOM Extension capabilities. As suppliers sometimes sub-contract all or part of the production of an order, it is extremely difficult for brands and retailers to have complete visibility into exactly how and who are involved in the production of goods, says Centric.

However, the firm's BOM Extension links the Design BOM to the Manufacturing BOM to a new Factory BOM, which includes details about sub-contractors and local suppliers. As a result, brands and retailers gain full visibility and transparency into the exact sources that are being used to produce goods which are necessary to ensure compliance with local regulations and labelling requirements, and also with company-specific business and ethical guidelines.