New Kind of Apparel Industry - PLM

1. New Kind of Apparel Industry - PLM sooperarticles.com/business-articles/erp-articles/new-kind-apparel-industry-plm-1506090.html July 8, 2016 Every Company is unique in its own way, particularly when it comes to managing their product life cycle. The vendors can modify PLM to suite the specific needs of their company. PLM offers productivity improvements in every area of development. It provides companies with real- time visibility to product data and shares information with Planning, Design, Costing, Merchandising, Sourcing, Manufacturing and Logistics. Product Lifecycle Management is a flexible and collaborative platform, used as a stand-alone solution. It is an integrated application within an endeavor. Functions of PLM at a glance: Line Planning: Apparel PLM is an interactive planning tool that allows Apparel manufacturers, retailers and brands to view and manage the line development processes. Real-time visibility synchronizes the data of all the departments thereby facilitating an on-time product launch. Material Development: The library here allows users to request materials from a variety of suppliers, proceed with approvals and sampling. While nominating the vendor pricing details, lead-time and minimum order are considered. Sourcing: There is a provision for creating Quote Request. Vendor selection depends on many criteria's, notifications for new requests are sent to vendors and they enter their information such as, Cost breakdown, Price, Expected date of delivery etc. Global Collaboration: System improves communication and reduces the amount of emails. The dashboard provided to vendors works as a "blog" where all the communication regarding product, materials and shipment takes place. Sampling: Users can request for samples, track the status of their orders and enter the evaluation results with images and comments. Digital Asset Management: The library in Apparel PLM software maintains data of all images, photos, artworks, flat sketches, color chips and other media in their native format. Costing: The system aids in creating multiple costing options for each item, and helps in understanding the various costs related to the final product. Work Flow Calendars: The user can track the status of their order in the calendar. Custom Reporting: The custom reporting tool allows the users to create and configure reports as per company standards. Exceptions Dashboards: Dashboard alerts the users and helps them to drill into the details that are causing delays. Increase Speed to market by managing workflow in a global competitive market. Enhance efficiency by using product development calendars to monitor on time schedule and performance. PLM reduces sampling costs by establishing product viability prior to issuing sample requests. 1/2

2. Raises gross margins by reducing the cost of goods as selling takes place via Line planning. Ways in which PLM System benefits business: Increase Speed to market by managing workflow in a global competitive market. Enhance efficiency by using product development calendars to monitor on time schedule and performance. PLM reduces sampling costs by establishing product viability prior to issuing sample requests. Raises gross margins by reducing the cost of goods as selling takes place via Line planning. 2/2