New to NRF, ground-breaking solution by consumer goods PLM market leader Centric Software future-proofs retail
CAMPBELL, Calif., December 22, 2022 – Centric Software®, the Product Lifecycle Management (PLM) market leader, is proud to present, for the first time at NRF, its transformational retail planning solution, Centric Planning™. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source and sell products such as apparel, footwear, sporting goods, furniture, home décor, cosmetics, food & beverage and luxury to achieve strategic and operational digital transformation goals.
Brands and retailers continue to struggle with the mounting pressure of shorter assortment cycles, growing omnichannel and SKU complexity, and siloed ways of working. Until now, solution options have been limited; most companies rely on spreadsheets with severe limitations, or on rigid, expensive legacy planning solutions not built for the omni-channel era. To maximize product sell-through, optimize inventory and reach product margin goals, merchandisers, buyers, planners and allocators are in urgent need of tools to deliver real-time insights and drive impactful decisions based upon accurate forecasts and visibility.
“Before COVID, we had a 5.6% operating margin at the end of fiscal year 2020. We closed this past year at 12%. It is a huge improvement in profits,” says Daniel Botey, Vice President of Global Inventory Management at Guess Europe Sagl. “If we had had a lot of inventory, we could not have done it. Centric Planning has been an enabler to truly enable our strategy and increase our profitability in a very, very big way.”
“Centric Planning future-proofs retailers,” explains Simone Pozzi, VP Planning BU at Centric Software. “It is an AI-driven solution that leverages advanced analytics and forecasting for enhanced decision-making and optimized SKU and omnichannel management. Its cloud-native architecture enables high-speed processing and powerful performance, even when handling large volumes of data. It’s flexible, forward-facing and designed by retail experts to maximize user adoption and value delivery.”
Centric Planning’s configurability and scalability makes it suitable for a wide range of brands and retail models, from vertically integrated retailers to wholesale and e-tailers. Companies who have already adopted Centric Planning are leveraging its analytical capabilities to increase margins, by enhancing the accuracy of their forecasts and optimizing their decisions.
“Hand-in-hand with our customers, we continuously expand the range of solutions offered to boost efficiency and profitability,” says Chris Groves, President, and CEO of Centric Software. “Centric Planning is a dynamic and innovative tool that has been fine-tuned in partnership with our retail customers for maximum return on investment.”
Meet Centric Software at NRF 2023 and see Centric Planning in action at booth #6163:
Centric Software® (www.centricsoftware.com)
From its headquarters in Silicon Valley, Centric Software provides a product concept to launch platform for consumer goods such as fashion, retail, footwear, luxury, outdoor, consumer electronics, cosmetics & personal care and food & beverage. Centric Software’s flagship Product Lifecycle Management (PLM) platform, Centric PLM®, delivers enterprise-class merchandise planning, product development, sourcing, quality and product portfolio optimization innovations specifically for fast-moving consumer industries. Centric Visual Boards™ offer highly visual, touch-screen experiences for collaboration and decision-making. Centric Planning™ is an innovative, cloud-native, augmented-intelligence solution delivering end-to-end retail planning to maximize retail and wholesale business performance. Centric Market Intelligence™, powered by StyleSage™, is an AI-driven market insight platform for data-informed decision-making on pricing and product assortments to maximize revenue and margins. Among many other market-driven innovations, Centric Software is widely known for its connectivity to dozens of other enterprise systems, including ERP, DAM, PIM, e-com and more, in addition to creative tools such as Adobe® Illustrator, a host of 3D CAD connectors and sustainability tools, such as HIGG. Centric Software has the highest user adoption rate, customer satisfaction rate and fastest time to value in the industry.
Centric Software is a subsidiary of Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the world leader in 3D design software, 3D digital mock-up and PLM solutions.
Centric Software has received multiple industry awards and recognition, including being named by Red Herring to its Top 100 Global list several times. Centric Software also received five excellence awards from Frost & Sullivan over the past decade.
Centric Software and Centric PLM are registered trademarks of Centric Software, Inc. in the US and other countries. All third-party trademarks are trademarks of their respective owners.