“Everything from design, to tech packs and building BOMs, sampling, merchandise and line planning, is a lot more efficient than before,” said Patrick Flanagan, director of IT at Bioworld. According to Grant, whenever the team has a challenge in the product development process, they can test a solution in the system that same day without impacting production. The implementation process took just three months. The volume of products and approval process adds to the complexity of our operations.” “We have to track progress of each product from inception to production to retail throughout the development life cycle while also managing our clients’ approvals and changes. “We manage tens of thousands of unique products every year from a development and also from a production standpoint,” said Nathan Grant, vice president of creative at Bioworld. Gymshark’s first “go live” with Centric PLM was in May 2020. We are able to create more accurate tech packs, in a much more efficient way.” Admin and communication between teams is seamless, and human error has been greatly reduced. “In this early stage, we are seeing huge benefits in our materials process, with an estimated 30 percent increase in productivity. “If we enter into another lockdown, and need to work remotely, our PLM will definitely facilitate the ease in which we share information,” Justine McCarthy, development director, said at Gymshark in a statement. PLMĭirect-to-consumer fitness apparel and accessories brand Gymshark and Bioworld, a global manufacturer of pop-culture apparel and accessories, have both implemented Centric Software’s Product Lifestyle Management ( PLM) enterprise solution. The offering is designed to provide greater flexibility for buyers and reduce the chance of cancellations or delays, allowing brands to manage both immediate and pre-book orders all in one place.īuyers can store their preferred payment methods within a digital wallet, for easy access across the NuOrder ecosystem. In January, it launched NuOrder Payments, so vendors can choose to support click-to-purchase and pay later experiences within the wholesale platform. The platform also entered the digital trade show space as well in 2020, partnering with Informa Fashion Markets to power the virtual events it built. Saks Fifth Avenue, Nordstrom and Bloomingdale’s conduct all of their buying and selling through NuOrder exclusively. Over the past 12 months, NuOrder has seen 125 percent growth as businesses need to digitize and streamline their processes, with 30 percent of GMV coming from Europe. Managing partner Mark Dzialga of Brighton Park Capital will also assume a seat on the board and contribute his expertise in helping companies execute against their global ambitions and within payments and marketplace. Natalie Massenet, co-founder and managing partner of Imaginary Ventures and founder of Net-A-Porter, will join as a board member and strategic partner to help guide the expansion efforts. The investment will support NuOrder’s continued growth and expansion within focus areas including the European market and fashion and luxury retail. The platform connects more than 3,000 brands and more than 500,000 retailers and has processed more than $40 billion in gross merchandise value (GMV), the company says. NuOrder delivers a global commerce solution that offers virtual showroom technology, visual assortment and merchandising tools, payments and data integration capabilities enabling brands and buyers to interact, showcase and browse product and manage merchandise orders. Retail Tech: Amazon Expands 'Pay With Your Palm', Poshmark Debuts Visual Searchī2B e-commerce platform NuOrder has raised $45 million in a funding round led by Brighton Park Capital and Imaginary Ventures. European warehouse club wholesale Metro AG ans outdoor apparel and equipment retailer Mountain Warehouse are among the businesses that have recently partnered with Stripe to leverage its services, with companies like secondhand apparel and footwear marketplace Vinted, designer fashion retailer MatchesFashion and Klarna also teaming with the company. Of the 42 countries in which Stripe powers businesses today, 31 are in Europe. Primary investors include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland’s National Treasury Management Agency (NTMA). It will use the capital to invest in its European operations, and its Dublin headquarters in particular, support surging demand from enterprise heavyweights across Europe, and expand its global payments and treasury network. Payments giant Stripe has raised a $600 million funding round for a valuation of approximately $95 billion, the company confirmed. The weekly Retail Tech Roundup compiles technology news across the supply chain, manufacturing, retail, e-commerce, logistics and fulfillment sectors.
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