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19 Jan 2016

There are five companies that stand out as PLM market leaders

FRAMINGHAM, Mass., January 19, 2016 – IDC Retail Insightstoday announced the availability of a new IDC MarketScape report designed to evaluate the leading product lifecycle management (PLM) and product innovation platform providers. The new study, There are five companies that stand out as PLM market leaders(Doc #US40521315), examines the breadth of capabilities and support offered by each vendor and outlines the strengths and challenges these vendors face. Twelve vendors are evaluated in this report, including: Bamboo Rose, CBX, Centric, CGS, Dassault Systèmes, DeSL, Gerber, Lectra, PTC, NGC, SAP, and TXT.

• ClicktoTweet : New IDC MarketScape Evaluates Product Innovation and PLM Solutions Providers for Retail Brands

According to Victoria Brown ,Senior Research Analyst, IDC Retail Insights, "The twelve vendors invited to participate have demonstrated that they have a significant retail brand market presence, continued growth in the retail brands market, and a wealth of experiences and best practices to share with retail brands. The solutions offered by these vendors are enabling retailers to innovate the ways in which they design, source, and supply goods."

The new IDC MarketScape provides a unified, collaborative, and widened view of the product innovation and PLM platform market and is intended for design and development as well as internal and external product team members from every discipline. The unified view is intended to support improved decision making, systems automation, profitable products, and customer experiences. The report also provides recommendations on choosing and working with a strategic partner in the PLM market. The following is a sample of the key takeaways for end users:

• Know what's possible, define best practices, and develop a road map that meets your current and future (even potential) needs. The industry is in a period of rapid innovation and digital transformation should be an objective.
• Understand the market for retail brand product innovation and PLM software. Vendors have a wide range of strengths and weaknesses, and your company should make sure that you are evaluating vendors that can sustain your best practices and meet all of your defined objectives from concept to order.
• Align with vendors and partners that work with organizations like yours, taking into account objectives, geographic range, size, and complexity (vertically integrated, retail only, wholesale or manufacturing divisions). Some vendors typically provide services to large global enterprises to manage product innovation and PLM from concept to order, while others deliver broad supply chain capabilities to smaller organizations.