Retailers to gain competitive advantages in product design, development & supply chain sourcing
By: AJOT | Jan 10 2018 at 10:30 AM | Logistics
HONG KONG and BOSTON and NEW YORK - CBX Software, a world-leading retail software vendor, today announced that it has partnered with PTC to offer an innovative solution that the company believes will positively affect the entire Retail Industry. CBX Software and PTC have collaborated to deliver one of the most comprehensive end-to-end private brand, product lifecycle management (PLM) and sourcing platforms in the industry. The solution will provide the Retail Industry with a single dominant solution for their Design, Development, Sourcing, QA, Supply Chain and Logistics needs. Utilizing the PTC ThingWorx® Retail Connector, the solution integrates the PTC FlexPLM® software with the CBX Cloud to offer the retail industry a single collaborative platform with true product life-cycle end-to-end capabilities. “The Retail Industry has been asking for a single collaborative platform for years and CBX Software is meeting the challenge by providing a system that goes above and beyond anything in the market today. The integration of CBX Cloud with PTC FlexPLM will offer extension and depth to the traditional PLM offerings by enabling users to bridge the gaps for supplier management, supply chain sourcing, quality, compliance, work-in-progress (WIP), order follow-up, production and logistics,” says Michael Hung, CBX Software, CEO. The integration of CBX Cloud with PTC FlexPLM enables retailers to scale private brand assortment, increase market share and deliver products to market ahead of consumer expectations. With this full suite solution, the Retail Industry will no longer need to piece together solutions from multiple software providers to achieve end-to-end success. Competition is fierce within the Retail Industry. With savvy consumers and constantly changing trends, staying competitive means finding ways to quickly meet consumer demand. Consumers want variety, fashion, and quality along with socially responsible product development at a cost-effective price. Successful global retailers have a strong sense of consumer requirements and are able to effectively respond with shorter product lifecycles. The integrated platform from CBX and PTC is a complete platform for retailers, manufacturers, distributors and their trading partners. “PTC continues to strengthen its retail platform through collaboration with industry partners, establishing solution synergy that leverages world-class offerings to extend our overall offering,” said Brion Carroll, vice president global business development, PTC Retail Business Unit. “The collaboration with CBX Software leverages our ThingWorx Retail Connector to support fluid connectivity adjoining FlexPLM’s functional footprint with the downstream profile of CBX Cloud to deliver broad solution value to our customers and market.” The retail industry calls for increased collaboration across internal cross functional teams and their supplier base for improved speed-to-market capabilities and efficiencies. This integration enables retailers to reduce new product development, delivery cycle times, reduce supply chain costs, reduce lost sales due to reduction in out-of-stock merchandise and reduce in-store inventory supply. By reducing cycle times and costs, the retail industry can achieve greater brand loyalty by delivering innovative, quality products to market ahead of consumer expectations.