target audience: TECH BUYER Publication date: Sep 2022 - Document type: IDC PeerScape - Doc Document number: # US47247921
IDC PeerScape: Product Life-Cycle Management Practices to Achieve Sustainability in Apparel
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Abstract
This IDC PeerScape examines some of the challenges of wasted time and resources and of the ability to collect and analyze data about environmental impact that apparel retailers and brands encounter in the product development stages of the life cycle. It looks at successful practices for better product life-cycle management (PLM) and the resulting outcomes for improved sustainability — but also for efficiency, agility, consumer loyalty, and profitability.
It's important to distinguish between product life-cycle management as a business strategy — which involves the entire product life cycle from ideation, design, technical requirements, development, manufacturing, quality, transportation and logistics, and post-purchase activity — and product life-cycle management software, which is an important technology in executing this strategy. This IDC PeerScape aims to consider the business strategy of product life-cycle management holistically, while specifically looking at how PLM and 3D software can enable faster, more efficient, and more sustainable product life cycles.
"Retailers and brands are finding that the goals of more efficient, more agile, and more profitable product development processes go hand in hand with the goal of a more sustainable, less wasteful product development process," said Jordan K. Speer, research director, IDC Retail Insights. "They are learning that achieving both goals is greatly enabled through the digital transformation of product development."