US: Secret to Staying On-Time, On-Trend, and On-Profit - new research from Aberdeen Group
16 September 2009 | News | Source: just-style
New research from Aberdeen Group and sponsored by PLM Boot Camp, reveals the best approach to improving operations from concept to delivery of apparel and footwear products and examines what leading apparel and footwear manufacturers are doing and the benefits they are achieving.
“We want to give access to information that was relevant to the PLM Boot Camp mission”, said Nancy Winslow, the events Education Chairwoman. “Chad Jackson will be joining us as a key note on October 9th at 8:30am to share more on the findings in this report and take questions from our audience through live chat. A recording of this session will also be available during the on demand event throughout December 20th” says Winslow.
There's little question that the apparel and footwear industry is a difficult place to run a profitable business. The trends shift quickly and unpredictably. The deadlines are short and there are harsh consequences for delays. Margins are thin with little to no safety net. However, the top 30% of study respondents (the Best-in-Class) are not only surviving, they are thriving, with almost twice the revenue growth (13%) compared to all other respondents (7%).
What is their secret?
The top performers are optimizing their design-to-delivery processes by having initiatives to better control designs and gain greater visibility into their operations. "As a result, top performers are able to hit launch targets 88% of the time," explains Chad Jackson, Vice President, Product Innovation and Engineering, Aberdeen Group. "These productivity improvements are allowing these industry leaders to achieve the benefits of selling their products at full price and meeting their sell through targets at 82% of the time or better."
The research entitled, 'Integrated Design-to-Delivery for Fast Fashion: On-Time, On-Trend and On-Profit' enables readers to take advantage of the lessons learned from these companies while avoiding the pain points and obstacles encountered by their peers and is just a sample of information available via Aberdeen Group's event goody bag, available to all registrants of the PLM Boot Camp.
PLM Boot Camp is a virtual, educational event for PLM within the consumer product industry. Throughout two days (8-9 October), the educational webinars are designed to help apparel, footwear, retail and manufacturing organizations learn everything about PLM and PLM best practices. Get more information here.