In response to buyer and market calls for, PTC Retail introduced the supply of Flex Insights, which is a low-code platform “designed to assist manufacturers and retailers unlock the ability of their knowledge to drive sooner and higher decision-making throughout planning and product improvement,” the corporate mentioned in a press release.
PTC mentioned by leveraging its ThingWorx IoT know-how, Flex Insights connects knowledge throughout enterprise techniques and applies AI capabilities to allow manufacturers and retailers to make sooner and higher selections.
PTC mentioned Flex Insights extends the industry-leading capabilities “and feature-rich performance of PTC’s retail product life cycle administration platform, FlexPLM, and is on the market by means of easy, visible, straightforward to make use of and intuitive apps, together with, however not restricted to, essential path administration, compliance monitoring, visible line planning and sustainability analytics.” The corporate mentioned personalization options enhance the person expertise “and put real-time knowledge, imagery and actionable insights at person’s fingertips.”
Corina Brügger, service transition supervisor at Intersport, the sporting items retailer, mentioned the corporate is “continually striving to enhance enterprise processes to drive velocity, collaboration and effectivity. The Flex Insights Essential Path Administration app reveals everybody the standing of every product and the steps that should be accomplished to get our merchandise to market sooner.”
PTC mentioned its easy-to-deploy and configurable apps “empower manufacturers and retailers to entry actionable intelligence most necessary to their particular enterprise wants and challenges.” This included the Essential Path Administration app, which supplies product groups and senior administration “with up-to-the-minute views of the progress of every product and throughout the whole season’s line, enabling them to rapidly tackle steps wanted to get them to market on time.”
A Compliance Monitoring app additionally permits product groups “to outline what sustainability and social compliance paperwork are required for particular merchandise, and to trace and handle the info in these paperwork to help reporting.” In the meantime, the sustainability app “allows speedy integration between FlexPLM and main sustainability options, resembling Worldly (previously Higg) and Made2Flow.” The Visible Line Planning app automates seasonal line critiques, “making it simpler to arrange critiques, collaborate with distant workforce members, seize notes and replace plans.”
Invoice Brewster, senior vice chairman and basic supervisor of PTC’s Retail Enterprise Unit, mentioned in at present’s fast-paced surroundings, “manufacturers and retailers don’t have any scarcity of knowledge, however many proceed to wrestle with the right way to harness their essential enterprise data. They spend lots of time managing knowledge and producing reviews, but nonetheless discover it tough to get the best data, to the best individuals, in the best format rapidly sufficient to make significant enterprise selections.”
Brewster mentioned he was excited to announce the supply of Flex Insights, “with its potential to investigate massive quantities of knowledge, this customer-proven supply from PTC Retail has the flexibility to assist firms make higher product improvement selections with velocity, accuracy and effectivity, uncovering correlations and figuring out patterns that had been as soon as not doable.”