A new pre-configured PLM solution has been developed to help retail, apparel and footwear companies achieve faster deployment and take advantage of best practices and industry-specific functionality.

The PTC Retail PLM tool addresses the specific challenges faced by these companies, explains Howard Heppelmann, senior general manager supply chain segment at PTC.

"Retail organisations are looking to increase their creativity for new product offerings, improve profit margins and leverage new channels and markets like never before," he says, adding: "This solution enables retail, footwear and apparel companies to focus resources on creating competitively advantageous offerings that enhance the bottom line."

The PTC Retail PLM solution will offer three different 'Value-Ready Deployments' for the retail, footwear and apparel segments, each of which captures the best practices within that industry.