CAMPBELL, Calif., October 23, 2023 – Centric Software® is pleased to announce the unveiling of a unique, seamless, concept to customer product solution experience to drive go-to-market innovation and value creation for consumer goods retailers, brands and manufacturers. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, outdoor, luxury, multi-category retail, grocery, food & beverage, cosmetics & personal care and consumer electronics to achieve strategic and operational digital transformation goals.
The fruit of a multi-year strategic vision and R&D development, Centric Software has springboarded from its market-leading, award-winning PLM platform and deep consumer products market knowledge with a significant evolution of its product offer. With this value expansion, Centric now offers scalable, easy to use, AI-driven, best-of-breed solutions to plan, execute and price consumer-centric assortments that also meet sustainability and compliance goals. Both analysts and Centric customers have called the offer, “compelling”, “visionary”, “exactly what the industry needs” and “totally unique”. Approximately 800 retailers, brands and manufacturers bringing $1.5t worth of products to market from 13,000 brands currently leverage Centric innovations. Approximately 33% of customers replaced a legacy solution in favor of Centric.
All solutions – Centric PLM™, Centric Planning™, Centric Pricing™, Centric Market Intelligence™ and Centric Visual Boards™ – can be used standalone or together as part of a seamless, end-to-end user experience. All innovations follow the common Centric Software tenets of being market-driven, easily connectable to other solutions and highly configurable with thousands of different ways of working. Centric solutions accommodate the wide range of requirements for different types of consumer goods, seasonal patterns, business models, manufacturing methods, cultural differences and languages. Centric does not follow a traditional software customization approach. Instead, all solutions are out-of-the-box; quick to upgrade and evolve. Centric pioneered its own Agile Deployment methodology resulting in extremely fast time to value.
Benefits are significant and game-changing, ranging from…
- Up to 18% increase in revenue
- Up to 15% increase in margin
- Up to 60% reduction in discounting
- Up to 60% reduction in time to market
- Up to 15% reduction in COGS
- Up to 30% reduction in inventory
- Up to 50% improvement in productivity
“Our strategic vision was inspired by conversations and experiences with thousands of brands, retailers and manufacturers from all regions of the world, starting with fashion and evolving to include all categories of fast-moving consumer goods and business processes. We took our Centric ethos of innovating with the Best Customers, Best Solutions and Best Team, and applied it to solving the biggest challenges faced by our customers and by the industry as a whole,” explains Chris Groves, CEO of Centric Software.
“Whether it be a goal of increasing sell-through, improving margins, getting closer to consumers, boosting new product introductions, achieving sustainability targets, harmonizing the buying process or reducing time to market, Centric’s Product Concept to Customer Experience drives the realization of strategic initiatives by enabling team execution and providing actionable information and insights,” Groves continues. “Seamless execution is always critical and especially today, given how quickly external pressures are changing. Coupled with changing market trends and a hyper-competitive market, effective planning and executing a consumer-focused assortment is the key to finding success.”
“We are honored and delighted to be working with so many customer-partners to continuously innovate a seamlessly connected suite of solutions that enables them to thrive in the face of the many challenges of today’s market, as well as those yet to come.”
See Centric solutions in action at NRF 2024, Booth #6257
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Centric Software® (www.centricsoftware.com)
From its headquarters in Silicon Valley, Centric Software provides a concept to customer solution experience for consumer goods such as fashion, outdoor, luxury, multi-category retail, grocery, food & beverage, cosmetics & personal care and consumer electronics to plan, design, develop, source, buy, make, price, allocate, sell and replenish products.
Centric Software’s flagship solution Centric PLMTM brings cost savings and efficiency by optimizing product execution from ideation to development, sourcing and manufacture. Centric PlanningTM is an innovative, cloud-native, augmented-intelligence solution delivering end-to-end planning capabilities to maximize retail and wholesale business performance. Centric PricingTM leverages AI to drive margin and revenue improvement by influencing demand via price and inventory optimization from pre-season to in-season to season completion. Centric Market IntelligenceTM is an AI-driven, market insight platform for data-informed decision-making on competitor offers and pricing as well as consumer trends and buying behavior. Centric Visual BoardsTM pivot actionable data in a visual-first orientation to ensure robust, consumer-right assortments and product offers.
Centric Software has the highest user adoption rate, customer satisfaction rate and fastest time to value in the industry. Centric Software has received multiple industry awards and recognition appears regularly in world-leading analyst reports and research.
Centric Software is a subsidiary of Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the world leader in 3D design software, 3D digital mock-up and PLM solutions.
Centric Software is a registered trademark of Centric Software, Inc. in the US and other countries. Centric PLM, Centric Planning, Centric Pricing, Centric Market Intelligence and Centric Visual Boards are Trademarks of Centric Software, Inc. All third-party trademarks are trademarks of their respective owners.