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More seasons, more often – more is now the expectation of consumers across the board, for all types of products. Time to market is shrinking and products are more globalized than before, making them even more difficult to manage. At the same time, there is more profitability pressure on every SKU and the margin of error has shrunk; success in a season dictates a very high percentage, up to 90%, of revenue attainment for retailers. Retail PLM offers a multitude of advantages and drives efficiencies including arming expansion strategies like launching private/white label brands, adding new categories, expanding geographically or adding selling channels.
Speed Time to Market
Increase Product Introduction Success
Boost Product Innovation
Launch More SKUs/New Products
Get Closer to Consumers
Lower COGS and Improve Product Margins
Streamline Private/White Label and Supplier Co-created Products
Maximize Product Assortment Value
Retail covers everything from private/white label, collaboration/capsule collections and different brands of all types and origins, with many different retail business models like brick & mortar, e-commerce, wholesale and direct-to-consumer for true omnichannel retailing or multichannel retailing. Find out how Centric Retail PLM speeds time to market, drives product innovation and reduces operational costs across the entire spectrum of the retail industry.
Wondering what retail PLM software is all about, and why you need it? Read our introduction for answers to all you ever wanted to ask about PLM – and more!
Yes, more about PLM for retail!
PLM and ERP are related but not the same; both help manage products but that’s where the similarity ends.
Learn how and why
Discover our digital solutions for the retail industry, developed in partnership with our leading retail customers from every aspect of the industry.
What is best in class Retail PLM?
Hear real-life success stories and feedback about benefits experienced in the field from retail customers who have adopted Centric Retail PLM.
Tell me more
Centric empowers digital transformation for retailers to develop amazing white and private label products and manage product assortments across multiple categories, geographies and channels faster, increasing sales and reducing costs. Centric Retail PLM is driven by feedback from customer innovation partners in fashion retail, multicategory retail, home improvement and DIY, hypermarket, superstores, grocery and speciality retail. Centric Retail PLM spans merchandise planning, in-house design, co-design with suppliers and the RFP/RFQ process, product development & product specifications, Bills of Material (BOM), sourcing and supplier management, quality & AQL, compliance guidelines & audits, internal buying sessions/strategic product assortment allocation, product field testing, product retail evaluations and more.
In fact, the solution is so powerful, you must read on to learn more and see who uses it!
#BecomeAgile #SpeedToMarket