ptc flexplm
TRANSCRIPT
Presentation by:Prachi Agrawal
About PTC’s FlexPLM Need for FlexPLM Role of PLM in Typical Apparel/footwear
product development process How does Flex PLM works? PLM industry analysis FlexPLM – Cost benefit analysis Advantages of FlexPLM on
apparel/Footwear retail value chain
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Most comprehensive apparel retail, footwear and apparel product development solution in following ways:
Opitmize supply chain by focusing on product development (key design & sourcing) which consumes 85% time in supply chain management .
Serve as common platform for designers, merchandisers, planners, suppliers and buyers for transparent communication flow.
Shorten product lifecycle time by 50%.
User friendly , designed specifically to suit retail, footwear & apparel and consumer products markets.04/07/23 3PTC's Flex PLM
Every one wants to be fast fashion label.
From 2-4 seasons per year, today an average fashion label has transformed into 4-6 seasons per year
At this pace, the day is not far when fashion cycle will get squeezed to 8-12 seasons per year.
Need for integrated responsive supply chain management to over come stock piles and looses from stock-outs.
In order to achieve above point, software should have following features: Operational differences per track for stronger capabilities. Very strong dynmic communication platform Speedy tracking of product for shortening the lead time. Multiple sourcing for stronger execution of line and meeting
delivery deadlines Sustainable dedicated resources.
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Individual product Tracking - faster
Information Hub
Expedite season
planning and control
once financial & assortment
goals defined
Optimise merchandise mix & product
adoption
Precision in designs /colors/material/
complete tech packs
Product briefs/automat
e lab dips/ material
consumption - cost & quality
supplier profiles, capabilities, capacity, social,technical, and environmental compliance
Generate RFQ, order confirmations (export to ERPs etc), Dynamic costings
Defines testing standards, Real
-time quality audit on
different levels
Collaboration
Role Of PLM in typical apparel/footwear product Role Of PLM in typical apparel/footwear product development processdevelopment process
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PLM applications work through a web-based interface that allows all parties involved in a garment's design and development to work on the same platform and communicate on a real-time basis. Everyone can see the latest version of a product, know when it's been modified or if it's been dropped from the line, avoiding manufacturing errors and improving product quality.
It sports standards-based enterprise integration tools. The software collects a product's 'spec' or DNA in a file that can be accessed by all product development agents from designer to manufacturer across world. By using the real-time platform, a designer can work on the details of a garment's spec while another department explores different manufacturing options for the product, hedging time.
Direct integration with design tools such as Adobe® Illustrator™ to increase design efficiency and allow designers to work with familiar applications. The technology saves time and money compared to sequential processes which involve heavy paperwork
PLM software also helps streamline sourcing. By using it, a manufacturer can quickly and easily see a product's spec to draft with a cost estimate and send a product sample to the retailer.
The retailer can then review the sample and enter any modifications into the PLM system for the manufacturer to sew a final sample. 04/07/23 6PTC's Flex PLM
In this environment, delivering fashion-right collections on time and on budget is often becoming a logistical nightmare, prompting companies to seek technological solutions to bolster enterprise efficiencies and cut costs.
Consequently, the apparel and footwear industry is expected to invest billions in product development and sales-forecasting software in the coming years, according to industry observers.
(PLM) software, which helps manufacturers shorten product lifecycle times by at least half to boost efficiencies in the supply chain. Then there are merchandise management systems (MMS) and markdown optimization solutions (MOS) to help retailers manage over-bloated inventories and minimize losses from stock-outs.
The PLM market, worth some US$50m, could grow up to 40% annually by 2014, according to software vendors who say large- and medium-sized apparel firms are rushing to implement the technology.
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PTC, which claims to be the largest PLM supplier with a 55% global market share, is also bullish about the future. Mitford says the company's sales could leap 40-60% annually by 2014 to mirror a similar growth rate since 2005.
PTC has 30 apparel and footwear customers spread mostly in Europe and North America. The firm recently signed up French sports equipment firm Decathlon and Germany's largest department store operator Karstadquelle. It is making a big push into Europe where PLM "adoption is a little behind" the US.
According to Mitford, the North American PLM market (for apparel brands with over US$2bn in sales) is maturing but she expects many sub-US$2bn firms to purchase PLM applications in coming months. However, in common with rivals, she says Asia is quickly becoming a hot expansion market for PLM software vendors. "We are seeing a significant increase in the number of Asian companies interested in PLM, specifically in China, which will be one of the largest consumers of PLM in five years," .
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TARGET Benefits - quantifiable Drawbacks
Apparel / Footwear & retail companies
1. Shortened lead times causing a reduction in working capital and increased service levels.
2. Increase Adoption rate – upto 50% (directions for designers)
3. Raw material aggregation across styles and even divisions, resulting in 3% to 5% reduction in materials costs
4. Labor cost avoidance – elimination of paper/clerical work. 30% of design and development labor is wasted on clerical and other redundant tasks related to lack of information.
5. Reduction of finished goods air freight to 10% to 20% of shipments, resulting in 1% to 3% reduction in COGS (on time deliveries)
1. Roll out time - PTC's PLM express suite (for organisations with under US$1bn in sales) takes three months to set up while the company's more comprehensive PLM range (for firms with sales over US$10bn) can take nine months to implement.
2. Limited connectivity with other software.
3. Change management4. Need for robust and
integrated solutions 5. Designers sometimes
feel sidetracked due to constraints of working in direction predicted by the module.
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TARGET SEGMENT
Benefits - Non quantifiable Drawbacks
Apparel / Footwear & retail companies
6. Closer to market product development for more “fashion-right” assortment.
7. Maxmising full price sell thru via full collection hitting the floor on time.
8. Disciplined handoffs – elimination of repetitive documenting work .
9. Reduce SKU proliferation and over-development
10. Improves and expedite the communication flow among designers, merchandisers, factories, suppliers.
NIL
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HUMAN RESOURCES
PROCUREMENT
CORPORATE FUNCTION
INBOUND LOGISTIC
S
OPER-ATIONS
OUTBOUND LOGISTICS
MARKETING & SALES
SERVICES
G
I
N
M
A
R
PRIMARY ACTIVITIES
SECONDARYACTIVITIES
Increase in Confidence and satisfaction among employees due to process automations and riddance from tedious documentations. Also transparent & instant communications boosts effectiveness & efficiencies .
Faster Merchandise / line planning, Costing, Material development & testing, product specification management, vendor management, order management
•Concept development•Higher adoption rates•Quick material sourcing•Faster sample developments & approvals (3D modeling)
Quality management, supply chain collaboration, timely deliveries & arrival to stores
Quick feedback on collection performance triggers instant actions – reasonable markdowns
Not relevant
Seamless functions on the pretext of speed tracking Reduced
Costs – increases margins
11Source: Michael Porter, 1980
s
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PTC's Flex PLM
There are many vendors providing apparel and footwear-specific PLM solutions.
Vendors that have always been apparel/footwear specific
• Freeborders
• GEAC Qwest Runtime
• Gerber WebPDM (FLM)
• Lectra
• NGCVendors that have migrated from other industries to apparel/footwear
• MatrixOne (now owned by Dassault)
• PTC Flex PLM
• UGSOther smaller startups to be aware of:
• MSC, Vertex, Yunique PLMon, zweave
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