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PLM Systems and Integrated Solutions
In the fast-paced and competitive apparel and fashion industry, staying ahead of trends while maintaining streamlined, efficient operations is crucial for success. As a result, Product Lifecycle Management (PLM) systems have become essential tools for any apparel brand to manage complex processes from initial product design to final delivery. By integrating with third-party software, PLM systems become even more powerful, unlocking the potential to transform the industry and drive innovation.
API integrations allow PLM systems to seamlessly connect with third-party software, extending their capabilities to provide real-time insights and gain a more comprehensive view of operations. The system can provide information from various aspects of the supply chain such as production order tracking, inventory management, and quality control. This allows businesses to make data-driven decisions and streamline their operations, resulting in faster time to market and reduced operational costs.
TrackIT (Production Tracker)
One example of a third-party solution that can be integrated with PLM systems is TrackIT (production tracker), which offers a flexible Time and Action (T&A) calendar, communication capabilities, and documentation features. The SAAS platform enables supply chain participants to get on the same page and ensure timely performance, contributing to improved efficiency in supply chain coordination.
Quality management is another critical aspect of the apparel and fashion industry. Solutions like QUONDA by Triple Tree Solutions, when integrated with a PLM system, can help businesses plan, conduct and review quality inspections in real-time. This ensures that products adhere to the highest quality standards, ultimately resulting in increased customer satisfaction and brand reputation.
Integrating PLM systems with these third-party solutions helps businesses optimize their processes and strengthen relationships across the supply chain. Seamless collaboration and communication with partners are facilitated by the real-time data and analytics provided through these integrations.
In the apparel industry, technology usage is already growing, with many brands realizing the advantages it can bring to ensure agile, optimized operations. In 2021, fashion companies invested around 2% of their revenue into new technology. By 2030, this number is expected to grow to 3.5%, showing that top executives in the industry realize the importance of technology to better manage the business. Another study shows that those brands that are slower to invest in technology will likely see a decline in revenue, as much as 20%, as they won’t be able to keep pace with their competitors.
Benefits of PLM systems and integrated solutions
The transformative power of PLM systems and integrated solutions enables the apparel and fashion industry to embrace innovation and drive success. By integrating with cutting-edge third-party software and leveraging additional data, businesses can increase operational efficiency, and ensure continued growth in an increasingly competitive market. As the industry continues to evolve, it’s essential for companies to invest in tools that help them stay ahead, and enriching PLM systems with innovative software solutions is one way to do so. PLM software can be integrated with third-party applications such as TrackIT and QUONDA to provide instant data feedback and a much more transparent business overview. The extent to which the PLM software is integrated and utilized will determine the importance of the benefits reaped by the brand from its adoption.
In sum, revolutionizing the apparel and fashion industry with PLM Systems and Integrated Solutions.