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Despite Tough Economy PLM Investments Continue

October 19th, 2009 Posted in Finance

Cited: Apparel News

Fashion 2Many apparel manufacturers have decided to proceed with their product lifecycle management (PLM) incentives despite the rough economy.  In fact, a couple of IT providers have been signing on some big clients like Madura Garments in India has installed Minneapolis-based Lawson Software, Lawson Fashion PLM.  This is a web-based software application that helps manage preproduction items.  Labels such as Allen Solly, Van Heusen, and Louis Philippe produced by Madura Garments which has been a challenge for the company in managing brands over a large supply chain.  This helps the company with various collections and across multiple seasons to deal with hundreds or thousands of points of information

In addition, the company has been on a growth track, so it was looking for PLM to help it become more efficient in gaining access to information.

“We are already deriving value from the added capabilities [of Lawson PLM] that help us better manage our products from the time we begin designing an item until it’s ready for the retail shelves,” said Neeraj Pal Singh, Madera’s vice president of information systems.  Up to three weeks have been saved for fabric-sample request cycles, company officials said.

The implementation process also gave Madura an opportunity to re-engineer its business processes and help structure systems to provide better transparency of information across the company’s supply chain. In addition, the new system enables product- development activities to work simultaneously, which helps reduce product-development timelines for new collections and reduce time-to-market, Singh added.

Meanwhile, Campbell, Calif.–based Centric Software Inc. is also making inroads on the PLM front, having signed Rigby, Idaho–based Klim USA to use its Centric 8 PLM and Fashion 1sourcing applications to manage Klim’s technical motorcycle- and snowmobile-gear business.

Klim’s suppliers are spread throughout Canada, Sweden and Asia, and the company is looking to product lifecycle management to put everyone on the same page during the sample-making process, explained Blake Summers, director of information technology at Klim.

“This will enable us to maintain our high-quality standards while reducing costs and bringing products to market more quickly,” he said.  Summers said he was drawn to the collaboration aspects of PLM so that crossed signals between various suppliers would not be an issue during sample-making.

Summer is also said that there is compromising on the quality Klim is known for.  The technical equipment used by some of the best dirt-bike and snowmobile riders in the country is produced by Klim.  This is the reason that the collaboration aspects of PLM for keeping communication open between for suppliers.

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My Take: You have to spend money to make money when you own a business.  It seems that there is always something to help business owners expand and grow in the field of technology.  The downside of this is that they pass that expense on to the consumer.

Any company that can expand through technology without passing that expense on to their customers would probably make more money than they would if they did pass on the expense.  That goes a long with an economic studies theory that if you reduce the retail price of an item you will sell more and make more money in the long run.  However, not many business owners like this theory.

There is one business that could possibly do this and make tons of money doing it.  That is the fashion industry!  One thing is definitely sure; everybody needs clothes, unless I lived in a nudist colony.  Let’s take the most popular piece of clothing in America, cool T shirts.  Everybody wears T-shirts!  Whether they are funny T-shirts, offensive T-shirts or the rude offensive tees somebody is wearing one.

There are so many different T-shirt designs on the market today that people have a large for rioting to choose from and yet the price of a T-shirt is outrageous.  That means even if the price were lower you would still be a little find cool T-shirt designs that you would love.  It also means that you would probably buy more than your normal would.

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5 Responses to “Despite Tough Economy PLM Investments Continue”

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