Flex Insights is released by PTC Retail to improve product development and retail strategy

Flex Insights is released by PTC Retail to improve product development and retail strategy

Flex Insights is a low-code platform that India’s PTC Retail has developed to assist retailers and brands in realizing the potential of their data to improve planning and product development decision-making. This launch was specifically designed to fulfill the needs of PTC Retail’s broad customer base, which includes textile firms, conglomerates, PSUs, and commercial industries with contract demands of 1 MW and more.

Flex Insights builds on PTC’s strong retail product lifecycle management platform, FlexPLM, by providing a selection of aesthetically pleasing and easy-to-use applications. These applications include sustainability analytics, visual line planning, compliance tracking, and critical path management. Features that personalize content improve the user experience by providing fast access to data, images, and insights that may be put to use.

PTC’s Retail Business Unit’s Senior Vice President and General Manager, Bill Brewster, recognizes the difficulty in managing a large amount of data in the fashion sector. He emphasizes that Flex Insights’ ability to analyze huge data sets enables businesses to make better, faster, and more effective decisions about product development. It makes it possible to find previously elusive relationships and patterns.

PTC offers readily deployable applications with features like the following that are tailored to unique business demands and difficulties.

Critical Path Management: Product teams and senior management may view in real time the status of every product as well as the complete line for the season with this software. They can move quickly as a result and meet deadlines in the market.

Compliance Tracking: Product teams can specify which social compliance and sustainability documents are needed for certain products and can also manage the data in those documents for reporting needs.

Sustainability: Worldly (previously Higg) and Made2Flow are two of the top sustainability solutions that can be seamlessly integrated with FlexPLM thanks to this software. Scorecards for materials, suppliers, and products are made available to users, encouraging proactive corporate sustainability objectives.

Visual Line Planning: This tool streamlines seasonal line reviews and makes it easier to set up, work with remote team members, take notes, and change plans.

PTC works with over 1,500 clothing, fashion, and retail firms to provide services to over 300,000 users worldwide. The fact that more than 75,000 of these users are part of the global supply chain highlights the platform’s significance and reach within the sector.

 

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