October 20th, 2023

Centric Software Unveils Seamless Concept to Customer Solution for Consumer Goods Retailers, Brands and Manufacturers

Connected suite of product solutions brings compelling ROI and fast time to value

CAMPBELL, Calif., October 23, 2023 – Centric Software® is pleased to announce the unveiling of a unique, seamless, concept to customer product solution experience to drive go-to-market innovation and value creation for consumer goods retailers, brands and manufacturers. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, outdoor, luxury, multi-category retail, grocery, food & beverage, cosmetics & personal care and consumer electronics to achieve strategic and operational digital transformation goals.

The fruit of a multi-year strategic vision and R&D development, Centric Software has springboarded from its market-leading, award-winning PLM platform and deep consumer products market knowledge with a significant evolution of its product offer. With this value expansion, Centric now offers scalable, easy to use, AI-driven, best-of-breed solutions to plan, execute and price consumer-centric assortments that also meet sustainability and compliance goals. Both analysts and Centric customers have called the offer, “compelling”,“visionary”, “exactly what the industry needs” and “totally unique”. Approximately 800 retailers, brands and manufacturers bringing $1.5t worth of products to market from 13,000 brands currently leverage Centric innovations. Approximately 33% of customers replaced a legacy solution in favor of Centric.

All solutions – Centric PLM™, Centric Planning™, Centric Market Intelligence™, Centric Pricing & Inventory™ and Centric Visual Boards™ – can be used standalone or together as part of a seamless, end-to-end user experience. All innovations follow the common Centric Software tenets of being market-driven, easily connectable to other solutions and highly configurable with thousands of different ways of working. Centric solutions accommodate the wide range of requirements for different types of consumer goods, seasonal patterns, business models, manufacturing methods, cultural differences and languages. Centric does not follow a traditional software customization approach. Instead, all solutions are out-of-the-box; quick to upgrade and evolve. Centric pioneered its own Agile Deployment methodology resulting in extremely fast time to value.

Benefits are significant and game-changing, ranging from…

Up to 18% increase in revenue
Up to 15% increase in margin
Up to 60% reduction in discounting
Up to 60% reduction in time to market
Up to 15% reduction in COGS
Up to 30% reduction in inventory
Up to 50% improvement in productivity

“Our strategic vision was inspired by conversations and experiences with thousands of brands, retailers and manufacturers from all regions of the world, starting with fashion and evolving to include all categories of fast-moving consumer goods and business processes. We took our Centric ethos of innovating with the Best Customers, Best Solutions and Best Team, and applied it to solving the biggest challenges faced by our customers and by the industry as a whole,” explains Chris Groves, CEO of Centric Software.

“Whether it be a goal of increasing sell-through, improving margins, getting closer to consumers, boosting new product introductions, achieving sustainability targets, harmonizing the buying process or reducing time to market, Centric’s Product Concept to Customer Experience drives the realization of strategic initiatives by enabling team execution and providing actionable information and insights,” Groves continues. “Seamless execution is always critical and especially today, given how quickly external pressures are changing. Coupled with changing market trends and a hyper-competitive market, effective planning and executing a consumer-focused assortment is the key to finding success.”

“We are honored and delighted to be working with so many customer-partners to continuously innovate a seamlessly connected suite of solutions that enables them to thrive in the face of the many challenges of today’s market, as well as those yet to come.”

See Centric solutions in action at NRF 2024, Booth #6257

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Centric Software® (www.centricsoftware.com)

From its headquarters in Silicon Valley, Centric Software provides an innovative and AI-enabled product concept-to-replenishment platform for retailers, brands and manufacturers of all sizes. As experts in consumer goods like fashion, outdoor, luxury, home, multi-category retail, grocery, food & beverage, cosmetics & personal care and consumer electronics, Centric Software delivers best-of-breed solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products.

· Centric PLM™, the leading PLM solution for consumer goods, optimizes product execution from ideation to development, sourcing and manufacture, realizing up to 50% improvement in productivity.

· Centric Planning™ is an innovative, cloud-native, AI solution delivering end-to-end planning capabilities to maximize retail and wholesale business performance resulting in a 110% increase in margin.

· Centric Pricing & Inventory™ leverages AI to drive margins and boost revenues by up to 18% via price and inventory optimization from pre-season to in-season to season completion.

· Centric Market Intelligence™ is an AI-driven platform giving insights into consumer trends, competitor offers and pricing to boost competitivity and get closer to the consumer, with a proven 12% increase in average initial price point.

· Centric Visual Boards™ pivot actionable data in a visual-first orientation to ensure robust, consumer-right assortments and product offers, increasing product portfolios by up to 90% using the same resources.

Centric Software’s market-driven solutions have the highest user adoption rate, customer satisfaction rate and fastest time to value in the industry. Centric Software has received multiple industry awards and recognition appears regularly in world-leading analyst reports and research.