Apparel companies are right to ask whether they really need a fashion PLM software. This software is used by fashion brands, retailers, and designers to manage their production from design to retail.
The fashion industry is a huge and ever-growing market, with an annual revenue of about $1 trillion.
Despite this impressive number, the industry is notoriously difficult to break into and even harder to succeed in. This is due in part to the fact that fashion is an extremely fast-paced and ever-changing industry, which can make it difficult to keep up with the latest trends.
If you’re in the fashion industry and you’re looking to stay ahead of the competition, you need to have a system in place that can help you manage your product development cycle and keep track of your inventory.
That’s exactly what a product lifecycle management (PLM) system can do for your fashion business. Here are five signs that you need a fashion PLM app:
1. You’re Not Meeting Your Deadlines
If you’re constantly missing your deadlines, it’s a sign that you need a system in place to help you better manage your product development cycle.
There are a few different ways you can go about this, but one of the most effective is to implement a product lifecycle management (PLM) software solution that can provide you with tools to track progress, set deadlines, and collaborate with your team.
2. You’re Inundated with Emails
As a fashion producer, you’re likely to receive a lot of emails on a daily basis. And if you’re not careful, those emails can quickly become overwhelming and start to take over your inbox.
To help manage the influx of messages, it’s best to leverage a powerful product lifecycle management system that gives you real-time notifications and insights into your product development process, right from design to retail.
This way, you can stay on top of your inbox and ensure that nothing falls through the cracks.
3. You’re Not Taking Advantage of Technology
If you’re still using spreadsheets and paper to manage your product development process, it’s time to make a change.
In today’s digital world, using fashion PLM software can make your job easier and help you get products to market faster by tracking every aspect of the product development process. From design to manufacturing to delivery, in one place.
Along with giving a single view across your fashion business, PLM solution can also analyze data of various divisions, merchandisers, and accounts. What’s more, it can auto-generate insightful HTML, CSV, Excel, and image reports for you.
This means you can see where bottlenecks are occurring and make changes to the process accordingly.
4. You’re Losing Track of Your Inventory
If you find yourself constantly running out of inventory or losing track of what you have in stock, it’s a sign that you need a better system for tracking your inventory.
You can use a PLM system to keep track of your inventory levels, so you can reorder items when necessary. In addition, a good tool will also help you keep track of your inventory turnover. So you can make sure you’re not overstocking or under-utilizing your resources.
5. You’re Losing Money
If you’re not using a PLM app, chances are you’re losing money.
A fashion PLM software will help you save money by avoiding costly errors and waste in your product development process. What’s more, it will also help you quickly and easily optimize your production process and automate tasks such as scheduling and capacity planning. So you can focus on the long-term strategy and growth of your fashion business.
Wrapping Up
If you’re experiencing any of the issues we’ve discussed, it might be time to invest in fashion PLM software. By doing so, you can streamline your processes, save time and money, and improve communication and collaboration within your organization.
However, before investing in a PLM solution for your apparel business, be sure to do your research. In brief, choose a tool that best meets your budget and product development management needs.
Have anything else to add? Let us know in the comments below! And be sure to check out our other blog posts for more tips on running a successful fashion business.
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