January 11th, 2024

Centric Software Marks 800 PLM Projects Milestone

Consumer goods retailers, brands and manufacturers from 50+ countries selling $1.5T of goods benefit from faster and streamlined product go-to-market

CAMPBELL, Calif., January 12, 2024 – Centric Software®, continuing along its significant growth trajectory, is thrilled to celebrate the 800 Centric PLM™ milestone. Centric Software provides a concept-to-customer solution experience spanning both pre-season preparations and in-season trading for fast moving consumer goods such as fashion, outdoor, luxury, multi-category retail, grocery, food & beverage, cosmetics & personal care and consumer electronics to plan, design, develop, source, buy, make, price, allocate, sell and replenish products.

Amid recent market challenges like economic uncertainty, supply chain disruption, overstock stemming from COVID, fickle consumers and abundant competition, there is urgency for retailers, brands and manufacturers to streamline operations and reduce cost-of-goods-sold (COGS) while also maximizing selling price. Add in globalization of product portfolios along with shrinking time-to-market and the pressure is on for each SKU to be profitable, with little margin for error.

While contending with external factors, companies must also still be vigilant about sustainability, traceability and compliance. PLM serves as a digital foundation that drives operational efficiency, lowers costs and reduces time to market. PLM is a foundation technology that companies leverage to achieve strategic goals such as boosting agility, getting closer to consumers and producing what people want as well as being all-around more reactive to successfully navigate uncertainty.

Centric PLM users span the range from emerging brands to large, international corporations. Users at these companies number from 5 to 15,000 and are located across 50+ countries. Notably, the number of Centric customers that have replaced a legacy PLM with Centric PLM is approximately 30%; almost all have eliminated or drastically reduced spreadsheet reliance.

Centric PLM is part of Centric’s AI-powered, seamless platform of solutions that includes retail Planning, Pricing & Inventory, Market Intelligence and Centric Visual Boards™, the latter acting as an interactive visual workspace, connecting teams, processes and systems to deliver competitive consumer-centric assortments. Each of these solutions may be used separately or in concert with other Centric or external systems.

Real-world benefits have shown that Centric PLM customers have:

Reduced time to market by 40 to 60%
Improved productivity by 10 to 50%
Improved sustainability practices with CO2 tracking, material traceability, vendor certification management and more.

Centric Software prides itself on innovation, pioneering a true, 3D-agnostic, fully digital, design and development workflow with integrations to multiple, leading 3D soft goods and hard goods solutions such as Clo, Optitex, Browzwear, Vizoo, SOLIDWORKS, Rhino 3D Alvanon and Adobe. In addition, Centric customers have integrations with over 80 different ERP systems. Multiple product updates each year are packed with market-driven innovations guided by the Centric Customer Advisory Board—a cross-section of industry leaders with a strong user base representing over 1,000 brands worldwide.

Centric Software is solidly endorsed by leading analyst firms as well as being recognized over multiple years by winning several Frost & Sullivan awards, 4 Just Style Excellence Awards and 3 Just Food Excellence Awards.

Chris Groves, CEO of Centric Software says, “We are grateful to all of our customer-partners who have joined us for their digital transformation journey. The exciting evolution of our product offer into AI-driven, best-of-breed solutions that add pricing, planning, inventory and more, launches our PLM capabilities to another level. Centric’s fashion, outdoor, food/cosmetics, consumer goods and retail innovations truly make for a unique suite of tools to maximize profitability while enabling sustainability goals.”

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

Request a demo

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.