Adjusting and scaling your business to keep up to date with the ever-changing trends of the fashion industry can be a struggle for apparel manufacturers. Fashion is an industry with constantly shifting fads and a complex process of designing, producing, distributing, and selling clothing and apparel. Global apparel market revenues are forecast to surpass $2 trillion by 2028, meaning it is important to stay on top of things.
ApparelX is an apparel cloud software specifically built for the fashion world of 2023, it understands the competitive demands of the textile sector and offers a modern, flexible, mobile apparel business intelligence software suite to streamline the process.
To better invigorate these processes, Syscom’s ERP solution for the apparel industry incorporates elements typically found in product lifecycle management (PLM) software. Like the best apparel PLM software, our apparel management software suite can effectively handle your supply chain, sourcing, procurement, order fulfilment, inventory management, production management, and accounting to cut down the level of complexity involved in every facet of the fashion industry.
2023 is forecasting a global slowdown as digital transformation continues to accelerate rapidly, and the fashion industry will be forced to combat a whole slew of new challenges. However, having a fashion ERP system that incorporates the fundamentals of apparel PLM software into your management process can close the distance between yourself and your business goals. Industry experts anticipate a tough year of sustainability struggles and growing issues, but the right mindset and apparel management software can make all the difference.
Solve the issues facing apparel businesses today by using components of PLM in apparel cloud software
The apparel industry in 2023 is facing mounting pressure on margins and the ability to deliver quality items on time is imperative. The need for an ERP solution for the apparel industry has never been more important as the fashion market of today faces an ever-increasing set of challenges that need addressing to thrive and remain competitive in the coming years. With labour costs rising rapidly across Asia, apparel companies are looking for ways to cut down on expenses while keeping quality and speed-to-market.
Apparel consumer preferences are also changing as customers are becoming more sustainability conscious. Because of the need for a more environmentally conscious brand, organisations are beginning to place greater value in apparel software preventing waste, increasing product innovation and variety, and cutting the costs of overproduction down.
ApparelX is an apparel cloud software system that emphasises being flexible with lower inventory levels, synchronising the process from product execution to retail placement, and moving products where needed, whilst chipping away bottlenecking and data entry errors to give your team more time and resources for speedy innovation. This is where an ERP incorporating the principles of apparel PLM software enters the fray.
What is PLM software?
Product lifecycle management (PLM) refers to the process of overseeing the complex development of a product.
This covers the planning, design, and manufacturing of the final disposal of the product. Apparel PLM software manages your product development process with workflows, data management, business systems, and personnel from concept to completion. The best apparel PLM solutions organise the entire lifecycle of a product with minimal development time cost-effectively and promptly.
Syscom’s apparel ERP performs PLM functions to inspire growth in revenue, shorter time to market and neutralise the costs associated with materials. Integrating the concepts of PLM into your apparel business with ApparelX will help you keep up with the demands of fast-fashion retailers by giving you more control over inventory and sourcing decisions.