Cut Through the Confusion: a Simple Guide to Enterprise Solutions for Your Home Décor and Furnishings Business
Are you confused when it comes to choosing the most effective enterprise solutions, including PLM, for your home décor and furnishings business? Here, Centric Software unravels those confusing tech acronyms and reveals the most effective tool for improving efficiency and reducing time-to-market.
‘Digital transformation’ is fueled by innovation and cutting-edge technologies but it can often lead to confusion. Home décor and furnishings brands in particular are keen to explore solutions that enable them to condense product development timelines and streamline processes, easily manage multiple styles and design iterations and ultimately increase revenue.
But where to start?
Read on to discover the secrets of integrating effective, innovative and transformative enterprise solutions into your home décor and furnishings business…
Enterprise solutions: what’s the fuss about?
As network technologies have evolved, so too have the solutions to support this growth. For home décor and furnishings brands, management of data and file sharing is an essential part of the day-to-day, but too often these processes are managed in a reactive, rather than strategic way.
Interiors trends change just as fast as the fashion industry and the modern consumer demands instant access to all of the latest products. Businesses operating in the home décor and furnishings sector need information technologies that can keep up with the rapid pace of new product introductions across multiple categories, geographies and channels.
Imagine a centralized digital space which can store, share and categorize all data relating to your products. This would mean no more wasted time searching for product information, waving goodbye to multiple iterations of Excel spreadsheets and empowering design teams with the tools to do what they do best: be creative!
These are just a small handful of benefits that an enterprise solution brings to your business.
PLM: the platform to manage it all
With such a huge variety of technologies available, it’s important to remember that the home décor and furnishings landscape requires a sophisticated enterprise solution – one that will be able to manage an ever-evolving portfolio of products, react to shifts in trends, and constantly adapt to changes in consumer behavior.
Uniquely suited to the demands of the home décor market, Product Lifestyle Management (PLM) technology is the ultimate ‘single source of truth’, syncing every phase of design, development, sourcing, manufacturing and retail. Home furnishings PLM connects the dots between existing systems such as Customer Relationship Management (CRM), Enterprise Resource Planning (ERP) and Supply Chain Management (and that’s just a taste of those pesky acronyms!). All of this information syncs in real-time, maximizing efficiency and drastically shrinking time-to-market.
Are you experiencing a period of rapid growth, or planning to scale up in the near future? No problem, as PLM enables businesses of any size to boost innovation, expand product lines, manage more SKUs, and increase visibility to optimize product margins and get more products to market faster.
Visionnaire, a unique Italian high-end furniture and interior design brand based in Bologna, Italy, recalls the difficulties of expanding their product range and growing internationally with its previous methods:
“We got to the point where we were no longer able to keep up with demand and fulfill orders on schedule using our existing ERP and communication systems,” says Claudia Poli, SCM and Project Manager at Visionnaire. “We needed to find a technology solution that could provide us with the right architecture and tools to support our growth.”
After introducing a Home Décor PLM to their business, Visionnaire began reaping the rewards, “our PLM is very versatile, giving us the ability to start at different points in the product configuration process. It will provide the foundation of product data we need to maintain excellent craftsmanship and support our plans for future growth.”
Drive business innovation
Each home décor and furniture company is unique, and some of the more sophisticated PLM solutions can be tailored to meet your specific business needs. Before embarking on any digital transformation project, it’s recommended that you complete a full audit of your current network technologies to understand which areas a PLM would need to unify and streamline.
Looking to onboard a modern, mobile and flexible solution? To make sure you’re adopting the most innovative system, we’ve included a checklist of some top PLM benefits for home décor and furnishings businesses below:
- Reducing time to market by improving cross-team communication, centralizing all development and the ability to work on the go.
- Increasing product variety through simplified, real-time review processes and empowering design teams with the tools they need to innovate.
- Expanding product lines and managing SKUs via streamlined automated processes and easy maintenance of data.
- Controlling costs with full visibility of materials, suppliers and manufacturers and by eliminating error-prone outdated systems such as Excel spreadsheets, emails, paper notes and files.
- Improving efficiency by minimizing tedious manual tasks, sharing data in real-time and creating a centralized ‘hub’ for assets such as product data and material libraries.