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Cloud-Based PLM set to take the footwear industry by storm

Cloud-based PLM can help footwear manufacturers capitalize on new opportunities and achieve competitive advantage.​

Overview

Footwear manufacturers that deploy product lifecycle management (PLM) technology and processes can enhance their ability to quickly respond to the market. By leveraging the cloud, many of the entry barriers to the full value of PLM are removed.

Cloud-based PLM can save time, cut costs and help improve the supply chain performance, global scalability and speed-to-market.

Background
There are many challenges faced in today’s global footwear market by brand owners, manufacturers and retailers that can hinder their success. Across their customer base, there is an increased use of social media and smart devices which results in much more ”connected” customers. This means footwear companies need to turn around fashion innovation and products much faster to be relevant in the marketplace.

In order to address these challenges, organizations need to reduce time to market by executing an efficient product development process.

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Recommendations

The challenges confronting footwear manufacturers will not diminish—in fact, they are likely to intensify. Cloud-based PLM provides an effective solution for helping overcome these challenges and helps to capitalize on new opportunities.

Some of the key areas companies can benefit from using this strategy include:

  • Market Delivery: Cloud-based PLM can adjust the scale of PLM operations, managing the number of users up or down depending on the need.

  • Merchandising and Line Planning: PLM line planning using the cloud provides clear direction for design teams.

  • Product Design: Cloud-based PLM provides a single source of information where design teams can share the required information at the right time in the right format.

  • Supply Chain Efficiency: PLM through the cloud enables a global footwear supply chain to be part of the process, using the same single source of information in a controlled and managed way.

  • Lower cost: Cloud technology and newer commercial delivery models for enterprise software are removing entry barriers and costs.