ptc flexplm

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Page 1: PTC FlexPLM

Presentation by:Prachi Agrawal

Page 2: PTC FlexPLM

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

204/07/23 PTC's Flex PLM

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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

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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.

04/07/23 4PTC's Flex PLM

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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

04/07/23 5PTC's Flex PLM

Page 6: PTC FlexPLM

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

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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.

04/07/23 7PTC's Flex PLM

Page 8: PTC FlexPLM

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," .

804/07/23 PTC's Flex PLM

Page 9: PTC FlexPLM

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

04/07/23 PTC's Flex PLM

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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

04/07/23 PTC's Flex PLM

Page 12: PTC FlexPLM

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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