Before firms jump into the space of bigger, more transformative, innovation there are several conversations that need to occur but rarely do. Here are three good conversations that should occur before launching a transformative innovation effort.
Take these five steps to achieve value and adoption from disruption in the retail, footwear and apparel industry.
Despite years of trying, retail design and development leaders still create merchandise that never gets offered to a consumer, price it incorrectly and/or produce it in inappropriate quantities. Fortunately, Voice of Customer (VOC) programs have rapidly advanced to the point where they very effectively address these challenges.
Are you working to become more customer-centric when it comes to merchandise planning? Here are six key areas to focus on.
Today's biggest retail trends are impacting the already tough job of merchandise planners. Here's more detail on how teams are impacted, and some advice for addressing these changes.
Many retail, footwear and apparel companies are turning to innovation labs to develop new merchandise and innovate the in-store experience. But to really be successful, labs must support business goals and solve real strategic problems.
Way too often, companies select a PLM vendor before they have even developed a strategy. To find a vendor that truly meets your needs, the technology must help address your specific business needs.
What business problems can innovation solve? For retailers, it's everything from making sure products meet consumer needs to improving the shopping experience for customers. Companies that take a common approach to innovation are more likely to solve strategic problems.
Outsourcing can help to reduce manufacturing costs, but apparel companies can't cut their way to creating the next design trend. Instead, they must look for opportunities to invest in the people and technology that help create higher value products. Here are three winning ways to reinvest your savings from outsourcing.
Phase one of any PLM implementation should start with the fundamentals; putting in a PLM backbone and a foundation to build from. Now it’s time to consider more exciting possibilities for the roadmap beyond the first release.
Innovation means different things in different industries. Watch this dialog to learn where innovation occurs in retail, and the importance of balancing innovation types.
What makes some brands bounce back from the brink of extinction while others slowly and painfully die out? Here are some pitfalls to avoid and actions to take to course-correct a flailing brand.
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