"Apparel and footwear manufacturers with mature PLM implementations are seeing improvements in key performance metrics, including higher sell-through on products and increased percentage of full price sales, in additon to reacting more quickly to customer preference changes and minimizing the number of chargebacks due to quality issues," says Jim Brown, VP of Product Innovation & Engineering Research. "Of apparel companies that have had PLM implementations for longer than one year, 65% are seeing YOY revenue growth."
Aberdeen's analysis identifies four themes underlying the capabilities and enablers that Best-in-Class fashion companies are using, including; centralized data, collaborative design, visibility across the supply chain, and integration of product data with business processes, development calendars and project timelines.
The report makes the following recommendations:
-- Implement PLM to centrally and securely manage data -- Develop collaboration capabilities to allow members of the dispersed apparel supply chain to share information -- Integrate workflow and business processes with product information -- Automate and integrate project status and timelines, including status alerts, making the full context of the timeline and status visible -- Expand visibility to product data, processes, vendor performance and schedules
The report is made available through the underwriting of Siemens, Centric Software and WWA. To obtain a complimentary copy of the report, visit: http://www.aberdeen.com/link/sponsor.asp?cid=4577.
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