PTC Updates Its Retail PLM Solution




Contrary to its archrivals, Dassault Systèmes and Siemens PLM Software, PTC targets various lines of business (e.g., engineering, service, manufacturing, sourcing/supply chain, etc.) with its product portfolio rather than via dedicated vertical industry teams and offerings. One exception would be retail, where PTC has, for about a decade (after the Aptavis Technology acquisition in 2005), been offering an astute product lifecycle management (PLM) and supply chain management (SCM) solution called PTC Windchill FlexPLM. This sector is one of the fastest growing at PTC, although not one of the largest by any stretch of imagination, as it's currently at about eight percent of PTC revenues (compared to five percent last year).

At the PTC Live Global 2013 conference, PTC announced its new PTC Retail PLM Solution developed specifically for the requirements of companies in the retail, footwear, and apparel industry, and built on the aforementioned PLM solution for that industry. For retailers, delivering innovative, trend-right products to the market faster has become a business imperative. Maintaining high quality products, building a competitive edge, and generating consistent profit margins continue to be essential.



Faster and More Predictable Outcomes
Astute retail PLM offerings help retailers handle challenges such as evolving consumer preference and trends, fast fashion (short-lived products), a focus on private labels, a high number of SKUs, supply chain dependency in globalization, multi-channel distribution, and cost, quality, and budget constraints. While PTC’s Retail PLM solution was one of the first to market with Adobe Illustrator integration, compliance, and sustainability as well as support for hardlines and softlines, the news here is the optional PTC Value-Ready Deployment offering.

The idea is to provide out-of-the-box industry best practices and implementation services to enable the customers to more rapidly deploy the solution (the goal is within four months) and realize business benefits faster. The PTC Retail PLM solution will offer three different PTC Value-Ready Deployments for each of the separate retail, footwear, and apparel segments. These deployment offerings capture the distinct best practices within each industry and will enable organizations to stay on-trend, on-time, and on-cost.

These best practices are based on PTC’s experience working with and implementing PLM technology with renowned companies across the retail industry (about 80 Fortune 500 companies in retail, footwear, and apparel), with the focus on enabling critical retail processes such as merchandising, design, development, sourcing, quality, and supply chains.
 
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