PTC announced it will feature its Retail Innovation Platform, an end-to-end technology platform designed to enable retailers and brand owners to overcome today’s market pressures, including the need for fast fashion, the ability to service the digital consumer, the need to keep costs under control, and the ability to manage complex supply chains with agility, in booth #4463 at the National Retail Federation’s (NRF) annual event, Retail's BIG Show, on January 14-16th. To better meet the evolving and demanding needs of the retail industry, several retail technology innovations and solutions from PTC are being fully integrated into a single, connected platform. The Retail Innovation Platform from PTC will enable retailers to design and develop products faster and better, overcome global supply chain complexities with end-to-end transparency, and deliver a connected store experience to improve consumer engagement. PTC and several technology partners, including Deloitte, piloted a fully smart, connected store with Legend World Wide, located in Belgrade, Serbia. Impinj, Monolith, and NCR each provide a unique set of in-store data, which is then centralized into PTC’s ThingWorx® Industrial Innovation Platform and presented in a series of dashboards that provide actionable insights. Retailers, including Legend, can leverage analytics to enable them to optimize inventory levels and understand customer traffic to optimize product assortments based on personas. Additionally, ThingWorx allows retailers to improve the in-store experience by understanding traffic patterns to optimize store layout and better predicting in store staffing needs. Centrally, ThingWorx enables users to monitor the health of the devices in the store. To enable brands and retailers to deliver on-trend products to market on-time and on-budget, PTC offers the FlexPLM® Canvas app, a visually-stunning digital concept board app that enables designers and developers to easily capture inspirations, concepts, trends, requirements, and feedback in one place. Users can drop in images and video, text, documents (PDF, Adobe® Illustrator®, Adobe® Photoshop®, Microsoft® Word, PowerPoint®, Excel®), and color swatches, as well as leverage built-in links to leading social media sites to capture up-to-the-minute trends, imagery, and the voice of the customer. The tool enables teams to share ideas internally and externally, while rapidly iterating on them to help teams understand design direction early in the development cycle. Finalized inspirations can be integrated into FlexPLM to kick start product development and enable users to gain deeper insights and visibility into sourcing processes. FlexPLM Canvas enables brands and retailers to shorten cycle time by easily transforming ideas into real products.
PTC Inc. is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products. Its computer-aided design (CAD) portfolio solutions enable companies to author product data. Its product lifecycle management (PLM) portfolio solutions enable companies to manage product data and orchestrate processes. Its software can be delivered on premises, in the cloud or in a hybrid model. Its PLM products and services include Windchill PLM, ThingWorx, ServiceMax, Arena, Codebeamer, Servigistics, FlexPLM and Kepware. Its CAD products and services include Creo 3D, Onshape, Vuforia and Arbortext. Its Windchill PLM application suite manages all aspects of the product development lifecycle-from concept through service and retirement-by enabling a digital thread of product parts, materials and configuration information. Its ThingWorx platform is flexible and purpose-built for industrial Internet of things.