The PLM software has reduced all manual activity, cutting the total time consumed in half on average. This has also helped in streamlining sourcing. Now a manufacturer can quickly flip through an array of samples in no time.
A PLM software integrates end-to-end product development and supply chain capabilities, enabling end users to plan, create, develop, source, cost, and follow finished goods through their life cycle to achieve rapid time-to-value.
Application of PLM software in Fashion Business
- Tech Packs development
- Material Development
- Product development and sampling
- Sample costing
- Sourcing of material
- Testing & Compliance
- Workflow Calendars
- Global Collaboration
- Exceptions Dashboard
- Custom Reporting
- Merchandise and Line Planning
- Storyboard and Line Sheets
- Specifications and Bill of Material
- Concept to Production Workflow
- Color and Material Development
- Digital Asset & Document Management
- Sample Management & Tracking
- Time & Action Calendar/Alerts
- Collaborative Event Tracking
- Collaborative RFQ & Bids
The above list of PLM functions is collected from various PLM suppliers’ websites.
Here’s how PLM is applied in this industry:
Design and Development: PLM software facilitates the design process by providing tools for sketching, pattern-making, and prototyping. Designers can collaborate, share ideas, and iterate designs efficiently within the platform.
Material Management: PLM systems help in managing material sourcing, selection, and procurement. It enables tracking of fabrics and trim information, including suppliers, costs, and specifications.
Sample Management: PLM streamlines the sample creation process by managing sample requests, tracking iterations, and recording feedback. It ensures that the development process stays on schedule and meets quality standards.
Quality Management: PLM systems include features for quality control and assurance throughout the production process. It allows for the creation of quality standards, inspection criteria, and documentation of quality checks.
Supply Chain Collaboration: PLM facilitates collaboration among various stakeholders in the supply chain, including suppliers, manufacturers, and retailers. It enables real-time communication, document sharing, and tracking of progress to ensure seamless coordination.
Merchandising and Assortment Planning: PLM software assists in merchandising and assortment planning by analyzing sales data, trends, and customer preferences. It enables the creation of targeted product assortments that align with market demand.
Also Read: Top Fashion PLM Software Solution Providers
Benefits of PLM Software
- Faster time-to-market
- Increased productivity of the product development
- Design efficiency
- Lower cost of new product introduction
- Insight into critical business processes
- Better reporting and analytics
- Improved product quality and reliability
- More accurate and timely requests for quote generation
- Ability to quickly identify potential sales opportunities and revenue contributions
- Savings through the re-use of original data
- A framework for product optimization
Conclusion:
PLM solutions play an important role in streamlining operations, improving collaboration, and enhancing efficiency across the apparel, fashion, and textile industries. It empowers businesses to innovate, adapt to changing market trends, and deliver high-quality products to customers.
Leave a Reply