Concept to Customer: Navigating Retail Product Lifecycles with Ease

 


Quadrant Knowledge Solutions characterizes Retail Product Lifecycle Management (PLM) as a solution tailored to assist retail enterprises in efficiently overseeing the entire retail process, spanning from conceptualizing products to their development, collaboration with suppliers, and ultimately selling to customers. This solution streamlines time-to-market enhances operational efficiency and productivity, and enriches the product portfolio.

The Retail PLM platform offers comprehensive visibility from the inception of ideas to product delivery, enabling organizations to provide products that align with market demand, pricing strategies, and designated timelines.

The transition of Retail PLM vendors towards establishing a digital twin of product and production processes is crucial in supporting industrial firms in realizing their digital transformation objectives. Digital twins serve as informational and behavioral models, facilitating understanding, simulation, prediction, and optimization of product and production system performance.

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The research aims to address the following questions:

·       What is the growth rate of the Retail Product Lifecycle Management (RPLM) market?

·       What are the primary market drivers and inhibitors influencing the global Retail Product Lifecycle Management (RPLM) market?

·       Which industries present the most significant growth prospects during the forecast period?

·       Which global regions anticipate the greatest growth opportunities in the Retail Product Lifecycle Management (RPLM) market?

·       Which customer segments exhibit the highest growth potential for the Unified Retail Commerce Platform (URCP) solution?

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Vendors Covered in this Study:

This study includes an analysis of key vendors, including Aptean, Aptos, Bamboo Rose, Centric Software, CGS, DeSL, NGC Software, PTC, and WFX.

Throughout the product lifecycle stages, digital twins capture all alterations, generating a consistent digital thread from concept inception through development, manufacturing, and service. Leveraging an integrated Product Data Management (PDM) platform, PLM vendors empower the creation and maintenance of a digital thread, ensuring that information remains current and synchronized across the product lifecycle.

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