People-Centred Product Lifecycle Management and Digital Product Passports
Fostering Holiday Generosity: The Role of Digitalisation in Promoting Charitable Engagement
Understanding Demand Trends
Demanding trends are consumer-driven and have little or no influence on brands. With the rise of sustainable, ethical, and equality awareness, consumers seek insight into their product lifecycle. Fashion brands are struggling to deliver new collections that align with these trends to stay relevant and maintain their market share.
However, this rapid turnover trends has significantly increased demands for product lifecycle management platforms which assist fashion brands in developing products seamlessly that align with their consumer base.
The Role of Product Lifecycle Management
Product lifecycle management plays a crucial role in managing demanding trends while prioritising sustainability and responsible production. Let’s explore how PLM can positively impact the fashion industry in the context of demanding trends:
Trend Forecasting and Planning:
PLM systems provide fashion brands with real-time data and analytics that aid in trend forecasting. By accurately predicting upcoming trends, brands can plan their collections, reducing the need for rushed production and minimising wasteful practices. PLM enables better synchronisation between design, sourcing, and production departments, resulting in a more streamlined and efficient workflow.
Collaborative Design and Development:
PLM platform facilitates collaboration among different teams involved in the design and development process by providing equal features and functions to elevate their productivity. This enables faster decision-making, better communication and reduced time-to-market for new collections. By aligning teams and streamlining workflows, PLM ensures that demanding trends are met while maintaining high-quality standards.
Sustainable Material Sourcing:
PLM systems integrate databases of sustainable materials, enabling designers to make informed choices when selecting materials for their collections. By promoting the use of eco-friendly fabrics, recycled materials, and responsible sourcing, PLM helps fashion brands align with demanding trends while minimising the environmental impact of production.
Efficient Supply Chain Management:
PLM allows for better visibility and management of the entire supply chain, from sourcing raw materials to the delivery of finished products. This transparency helps brands identify potential bottlenecks, optimise logistics, and reduce waste. By streamlining the supply chain, PLM enables fashion brands to respond to demanding trends with agility and minimising their carbon footprint.
Circular Economy Practices:
PLM systems facilitate the implementation of circular economy practices such as repair, remanufacturing, and recycling. By extending the lifespan of products and promoting responsible disposal, fashion brands can align with demanding trends without contributing to the growing issue of textile waste.
By adopting product lifecycle management strategies, fashion brands can meet consumer demands without compromising on ethics and sustainability, paving the way for a more responsible and resilient industry.