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5 Steps To Faster, More Efficient Product Lifecycles

For 57% of fashion and retail companies, inefficient collaboration presents their biggest product lifecycle management (PLM) challenge. But by using a single platform to drive collaboration at every point — from initial concept to the end consumer — brands can cut their go-to-market time frames by six to 12 months.

These five steps can put brands on the path to greater efficiency:

  • Reduce product lifecycles with a collaborative business platform;
  • Minimize risk, for example with smaller product runs for rapid feedback;
  • Improve visibility across all internal processes;
  • Speed up decision-making with solutions to share knowledge across the decision chain; and
  • Increase profit: 84% of retailers reported improved customer engagement and increased sales as benefits of adopting a fast fashion model.

Get more details in this infographic from Logility.

[click to expand]

Source: Logility.

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