Widespread adoption of PLM in fashion industry
In today’s fast-moving fashion industry, product lifecycle management is critical to productivity and profitability. Widespread adoption of PLM software has demonstrated its effectiveness and made it accessible, allowing vendors to fine-tune their offerings and maximize value. Fashion companies that take a piecemeal approach to implementation run the risk of missing out on opportunities, however. By devising a PLM implementation strategy right from the start, fashion company CIOs can make the most of their PLM investment and ensure a smooth rollout.
Because CIOs shoulder the responsibility of choosing the right PLM platform for their organization, they should take into consideration the solution’s operating life, as well as the long-term commitment of their software vendor. When assessing vendor added-value, the features and functionality of their solutions must be weighed, as well as their industry expertise and overall alignment with digital transformation objectives and overall business strategy.
According to WhichPLM, an established online magazine dedicated to PLM for fashion, “There has never been a better time to buy PLM. No matter the size, shape, turnover or geographical spread of your business, almost any modern PLM solution is eminently capable of being the engine that will power the future of your business.”