Driving Growth in Retail: The Power of Product Lifecycle Management

 


Retail Product Lifecycle Management (PLM) is pivotal in guiding the product development journey within the retail sector. Initially conceived to facilitate engineering collaboration and information control across product lifecycles, PLM solutions were confined to on-premises technology stacks, limiting visibility, and resulting in extended fulfillment times, thus detracting from user experience. The advent of Retail PLM addressed these shortcomings by focusing on products sourced from third-party manufacturers, necessitating enhanced collaboration and integration throughout the lifecycle.

Quadrant Knowledge Solutions defines Retail Product Lifecycle Management (PLM) as a solution tailored to assist retail organizations in efficiently managing end-to-end retail processes, encompassing product ideation, development, supplier collaboration, and customer sales. This solution streamlines time-to-market optimizes operational efficiency and productivity and enriches the product portfolio. The Retail PLM platform affords comprehensive visibility from ideation to delivery, empowering organizations to align products with market demand, pricing, and timeframes.

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Key questions addressed in the study include:

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

·       What factors drive or hinder market growth in the global Retail Product Lifecycle Management (RPLM) market?

·       Which industries present significant growth opportunities during the forecast period?

·       Which global regions are poised for maximum growth in the Retail Product Lifecycle Management (RPLM) market?

·       Which customer segments demonstrate the greatest 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.

This approach enables retailers to furnish seamless, personalized experiences and offers flexibility in development cycles. Retail PLM software further ensures real-time updates on product changes, advancements, and industry compliance, facilitating timely collaboration across departments regardless of location.

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