Centric Software: Driving Digital Innovation in Product Development

Company Overview

Silicon Valley based, Centric Software provides an innovative andAI-enabled product concept-to-replenishment platform for retailers, brands andmanufacturers of all sizes for all fast-moving consumer goods. As experts infashion, luxury, footwear, outdoor, consumer goods as well as multi-categoryretail, Centric Software delivers best-of-breed solutions to plan, design,develop, source, buy, make, price, allocate, sell and replenish products. 

Solutions Portfolio

Centric PLM

The leading PLM solution for fashion, outdoor, footwear and private label, optimizes product execution from ideation to development, sourcing and manufacture, realizing up to 50% improvement in productivity and a 60% decrease in time to market.

Centric Planning

Is an innovative, cloud-native, AI solution delivering end-to-end planning capabilities to maximize retail and wholesale business performance, including SKU optimization, resulting in an up to 110%     increase in margins.  

Centric Pricing & Inventory

Leverages AI to drive margins and boost revenues by up to 18% via price and inventory optimization from pre-season to in-season to season completion.

Centric Market Intelligence

The Market Intelligence platform delivers crucial insights into market trends, consumer behaviour, and competitive landscapes. This solution aggregates and analyses data from multiple sources, providing actionable intelligence for product development and marketing strategies. Companies can track market movements, consumer preferences, and competitive activities to make informed business decisions.

Centric Visual Boards

Pivot actionable data in a visual-first orientation to ensure robust, consumer-right assortments and product offers, dramatically decreasing assortment development cycle time.

Strategic Impact

Innovation Enablement

Centric Software's solutions foster innovation by providing powerful tools for digital product creation, collaboration, and market analysis. The platform enables organizations to experiment with new ideas, validate concepts quickly, and bring innovative products to market efficiently. This capability helps businesses maintain competitive advantages while meeting evolving consumer demands.

Digital Transformation

The comprehensive suite of solutions supports organizations in their digital transformation journey by digitalizing traditional processes and enabling data-driven decision-making. Through integrated digital workflows, automated processes, and advanced analytics, businesses can achieve greater operational efficiency and market responsiveness.

Sustainable Development

Centric's platforms incorporate sustainability considerations throughout the product lifecycle, from material selection to end-of-life planning. The solutions enable organizations to track environmental impacts, manage sustainable materials, and ensure compliance with environmental regulations. This comprehensive approach helps businesses meet their sustainability goals while maintaining profitability.

Value Creation

Cost Reduction

Through efficient sourcing strategies and advanced pricing analytics, businesses can significantly reduce their cost of goods sold. The platform enables comprehensive price benchmarking against competitors while ensuring assortment alignment with financial objectives. This systematic approach to cost management leads to improved profit margins and sustainable growth.

Market Acceleration

The solution accelerates product development cycles by streamlining collaboration between design, marketing, and legal teams. This integrated approach ensures rapid product iteration while maintaining compliance with regulatory requirements and marketing standards. The result is a significantly reduced time-to-market without compromising quality or compliance.

Operational Excellence

By centralizing data and streamlining workflows, organizations eliminate inefficiencies in their product development processes. The platform replaces fragmented communication channels with structured collaboration tools, reducing time spent on administrative tasks and enabling teams to focus on value-adding activities.

Inventory Optimization

Advanced AI-driven planning capabilities enable precise demand forecasting and inventory management. This sophisticated approach to stock control helps businesses reduce waste while maintaining optimal inventory levels. The system's intelligent allocation algorithms maximize full-price sell-through rates and minimize markdown losses.

Client Success

Measurable Results

Organizations implementing Centric Software solutions typically achieve significant improvements in key performance metrics. These improvements include reduced development cycle times, decreased sample costs, improved supplier collaboration, and enhanced market responsiveness. The platform's impact extends across operational efficiency, cost reduction, and market performance.

Industry Recognition

Centric Software's solutions have received numerous industry awards and recognition for innovation and excellence. Their continued focus on advancement and customer success has established them as a trusted partner for organizations seeking to transform their product development processes.

At AbsoluteLabs, we take pride in our collaboration with Centric Software, combining our implementation expertise with their industry-leading solutions to deliver exceptional value to our clients. Together, we help businesses navigate their digital transformation journey, creating sustainable competitive advantages in today's dynamic market environment.

‍

‍