Speed and Agility in the Fashion Supply Chain
The fashion industry moves fast, and in a hypercompetitive marketplace, brands are vying to get to market first with new designs and materials. As fashion moves faster and faster, brands have been making strategic investments in digital supply chain transformation.
Enter the many twists and turns of 2020 into this equation, and the fashion industry is confronted with radical disruption. Suddenly, and unexpectedly, international travel stopped. Global supply chains and logistics were impacted. At least one designer even found himself stranded abroad during a factory visit. Stay-in-place orders forced brands to send employees home. Fashion designers and product managers switched to working from their homes. Runway shows were cancelled and later replaced with some virtual tradeshows. Brands rapidly pivoted to create digital lookbooks and other virtual tools for demonstrating products.
In the midst of rapidly unfolding challenges, having access to real-time, accurate information about your global supply chain evolved from an aspirational goal to a strategic necessity.
Brands that had invested in digital transformation prior to the pandemic, including cloud-based Product Lifecycle Management (PLM) software, were better positioned to collaborate remotely with internal teams and external partners.
How PLM Drives Supply Chain Improvements
There are many technological pieces within an end-to-end, digital supply chain management solution. For fashion and sewn goods manufacturing, PLM is one of the most critical links in the chain. Within product development, PLM makes it possible to:
› Speed time from product concept to marketplace
› Gain operational efficiency to contain costs
› Strengthen sourcing to meet customer demand while improving agility
› Lower sampling costs and raise quality
› Increase supply chain visibility to increase business resilience
Let’s look at how PLM improves each step of product development, addressing common challenges faced by design teams.
Six Benefits of a Cloud PLM System in Product Development
- Communicate and Collaborate Effectively, From Anywhere
- Stay On Track and On Schedule
- Improve Time to Market
- Protect Margins and Stay On Budget
- Lock Down Designs and Eliminate Version Control Problems
- Gain Visibility Into Your Supply Chain
This article is posted at aptean.com
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