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The following article was published in our article directory on November 19, 2020.
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Article Category: Fashion
Author Name: Dana Bricolo
The global pandemic has impacted businesses around the world and the fashion industry is no different. Fashion companies had to cancel and postpone numerous orders recently. In fact, the number of orders dropped by an average of 31% worldwide.
So, what can you do to ensure that your apparel and footwear production company grows in the current situations?
You should leverage advanced technology and automated systems to manage everything better, from design to production, packaging, and distribution.
Switch to On-Demand Manufacturing
You should boost agility and flexibility to react quickly to post-pandemic market changes. Many industry experts believe that on-demand manufacturing could become the new normal for fashion.
This can help you improve productivity, reduce costs, and ensure that there is no fabric waste. On-demand manufacturing will not only reduce your fashion brand's cash needs but also minimize inventory. It is both economical and sustainable.
Boost Productivity Using PLM
Try to digitize your product development processes and tie them together. This includes digitizing product ideas, design, development, merchandising, buying, and suppliers, wholesalers, and retailers management. Product lifecycle management system for your fashion brand can help you enable optimal collaboration across your team.
A good PLM system such as Wave PLM can help you:
• Build and maintain your product library with design and technical details.
• Track the development of your product samples.
• Request price quotes from multiple vendors and negotiate with them.
• Calculate the final costs.
• Define operations flow, get real-time reports, and prioritize what's important.
• Manage and organize data.
• Anticipate customers' needs for the next orders.
You can do all of this in one place and ensure that all your team members are on the same page. This can help you speed up product development and make your fashion products reach the market quickly.
Deploy 3D Design Software for Fashion
Mostly design starts with a sketch, whether it is apparel design or footwear design. There is no doubt that sketching is the quickest way to communicate ideas and it is a crucial part of fashion design.
But times are changing. With the advancement in technology, fashion brands are deploying 3D technology for quick visualization and going beyond just product development.
You should consider streamlining your manufacturing processes, from design to sourcing, production, and distribution, using a PLM system. With efficient product lifecycle management and automated 3D design solutions, your business will be able to survive in the new times.
Keywords: Product Life cycle management, fashion digitalization
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