PLM for the Retail Industry Features and Functions
Product Lifecycle Management (PLM) for Retail is an evaluation model containing tailored PLM criteria and extra functionalities that serve the specificities of this industry in order to help fashion goods (including apparel, footwear, accessory, and home fashion) manufacturers and retailers to achieve more efficient product development, lower cost, and better collaboration and control throughout the whole supply chain.
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Line Planning and Calendar Management
The product lifecycle in the fashion and retail environment usually starts at the planning stage. At this stage, line (assortment) planners should be able to access history planning data and sales data to improve the accuracy of line planning. Planners and other managers also need a tool to define product development and delivery timeline, and to track the status of each product lifecycle stage.
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Concept Development
Concept development involves capturing and evaluating product requirements, managing product ideas, and creating digitized storyboards for internal and field communication.
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Design and Product Development
Design and product development involves managing activities related to design and product development including design management, material development management, color and print management, prototyping and sampling, specification management and product releasing, and product cost estimation.
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Sourcing and Supply Chain Collaboration
Sourcing affects the quality and cost of the final products significantly. Sourcing and supply chain collaboration enables the optimized placement of decisions, and profitable and stable supplier relationships by increasing the transparency throughout the supply chain.
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Product Quality and Compliance
Product quality management ensures that the life cycle activities of a product are effective and efficient with respect to continuous product quality improvement.
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Visual Merchandising
Visual merchandising is the activity of presenting and promoting goods in retail outlets. The management of visual merchandising (e.g. retail outlet information, design, planning, and scheduling) increases the efficiency and timeliness the presentation.
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Core PLM for Fashion/Retail Industries
Managing the entire product life cycle requires supporting technologies to maintain the integrity of product definition information and to facilitate collaboration among different parties and across different product life cycle stages.
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Application Technology
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Product Lifecycle Management (PLM) Features and Functions
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