How Modern PLM Systems Can Benefit the Fashion Industry

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The Fashion Industry and Modern PLM Systems

Each and every product has its own lifecycle to be produced before it gets into the market. When we are talking about a PLM (Product Lifecycle Management) tool, we normally think about the mechanical and electronic product industries that are going to utilize them. But in recent days food and medicine industries are included in the list of industries that require modern PLM systems to advance their process. It reminded the technology providers that when every product has a lifecycle, then a PLM should be available for every industry. Technology is focusing on many industries to be benefited from the PLM software more than just the mechanical industries. After the expansion of industries, technology is now turning its attention to the fashion industry.

Like mechanical industries and food industries, fashion industries also have their own process of production and require a huge amount of effort to manage them efficiently.

Fashion products such as apparel, footwear, accessories, etc. are produced in huge amounts as the consumers of them are enormous. The brands making the fashion products are becoming greater in terms of employees and products. When a company is growing, managing a particular product or a particular function is getting harder. This is where the fashion industry started feeling that they should go for a PLM to manage.

 

 Benefits of Modern PLM Systems Across Various Business Functions

 

Budgeting and Requirements Management

The initiation phase includes the source and details of a new product that is being requested for production. Before starting an order, that requirement should be analyzed in several parameters. All the pre-production activities can be handled using a requirement management system.

 

Design Management

The frequency of introducing a new product in fashion industries is higher than in other industries. Whenever they design a new shoe or a shirt or sportswear, companies would require a design management module to be integrated with their designing software so that the data of new products is stored in PLM.

 

Raw Materials & Process Management

To handle the raw materials and process of making, companies would prefer a standardized platform to capture all the details. This will help them to track the details in the future even though the person who handled the product has left the company.

 

Project Management

As all other industries demand a project management system to manage the workload and tasks, the fashion industry could demand. There will be different sets of roles and different sets of tasks to be performed to get a product to the market. Assigning a task to stitch in charge or a sampling manager or a creative designer and getting the job done with a notification is no longer a wish and becomes a must. A well-defined project management tool can simplify the complex annual or monthly work into small parts and track the progress with the responsible person.

 

Supply Chain Management

The supply chain is the most important function of the fashion industry. One company would not make all of the raw materials for the final product. Fashion industries will have to tie up with the cotton producers/ material suppliers, dyeing units, printing companies, stitching subcontractors, packing agents and much smaller outside vendors to fulfill their needs to get the final output. Managing these many outsiders is not that easy. It is going to be more hectic as the company grows. There must be a supplier management system to capture and handle the details and functions of the suppliers related to the company. A PLM sometimes would provide the Purchase order management system along with the suppliers which are very useful.

 

 

Additional Benefits of Modern PLM systems in the Fashion Sector

 

Collaboration

Collaboration across the industry can be done within a single platform if the PLM provides a clear communication system.

Time to Market

Since all the functionalities are systemized, the seamless operations make the product reach faster to the market

Lesser Wastage of Resources

Designing, Planning, and Discussions happen as an organized process. So the wastage of sampling materials and employee timings are greatly reduced. Fashion industries can utilize the existing PLM technology as per their desire. (Only if the PLM is highly configurable and customizable than the rigid conventional PLM).

All the modules or systems that are discussed earlier would be more or less a common requirement across industries. So it will be easy for the fashion industry to have a PLM that is configurable to start with.

 

 

Bring Products Faster to Market with KloudPLM

KloudPLM is a robust and powerful modern PLM system that empowers fashion companies to seamlessly collaborate vital areas of the fashion value chain in their business processes. Enhance the value across different sections such as design, and development to supply chain sourcing and consumer-driven design changes. To know more, schedule a demo today.

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