Fashion World updates

PTC’s PLM Upgrades Help Fashion Retailers See Higher Margins, Conversions

Women's Wear Daily -

PTC’s upgrade program for its FlexPLM platform is helping retailers and brands see higher conversion rates and gross margins as well as lower sample costs, the company said adding that over a dozen of its enterprise customers have rolled out the new version over the past year. The product lifecycle management solution provider said it’s created “a new, cost-effective approach” that provides retailers and brands with a PLM platform “to drive business growth and profitability.” By the numbers, PTC said the upgrade is accelerating time to market “by up to 45 percent” while margins improved by up to 10 percent and sales conversions by up to 30 percent. The company also said deployment of the upgrade has help retailers and brands cut sample costs by up to 35 percent. The rollout was developed with ITC and involves an “agile upgrade approach” that reduced project time and costs. “In a matter of weeks, an enterprise-grade implementation of a previous generation of FlexPLM can now be converted to FlexPLM Version 11, including a move from on-premise hosting to the cloud,” PTC said in a statement. “This timeline has been road-tested and verified more than a dozen times in the last year by PTC and ITC

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