HOW TO CHOOSE YOUR PRODUCT LIFECYCLE MANAGEMENT SYSTEM

1. HOW TO CHOOSE YOUR PRODUCT LIFECYCLE MANAGEMENT SYSTEM? In modern product development, process efficiency and competitive edge are key to profitability. Today’s fashion industry depends greatly on quality products and variety more than they ever did before. The common desire to achieve these goals is becoming an increasingly challenging commercial climate, and evolving landscape has led to a proliferation of Product Lifecycle Management (PLM) solutions. These solutions enable fashion companies to improve their production process and streamline their operations. Implementing PLM solutions can help businesses simplify and shorten each phase of the product development process, fostering innovation and improving collaborations with suppliers. But what is PLM, and why do businesses need it? PLM solution first originated in the aerospace and automotive industries in the early 1990s to help engineers and manufacturers transparently track the lifecycles of many components required in a vehicle. This basic philosophy is still at the core of modern PLM solutions, with modern twists have transformed over the intervening decades to accommodate eCommerce trends. Mostly used in the footwear and apparel industry since products are tailored to meet the dynamic requirements put forth by users. Adopting the right PLM solution can help eCommerce companies achieve the identified business goals. It enables truly global and collaborative working between distributed teams, thus, reducing the need for costly sampling and rushed design revisions. It helps simultaneously reduce cost and enables companies to embrace a range and diverse collections to customers. The range of solutions and scope of information now available to compile before examining, short-listing, and selecting one out of so many vendors can be daunting to a prospective customer. Let us dig in a little deeper and understand various aspects eCommerce companies should consider when selecting a PLM solution: •Determine PLM Strategy and Business Expectations Continue reading the blog : https://cloudcelero.com/how-to-choose-your-product-lifecycle-management- system/