Centric Announces AI-Driven Solutions for Product Concept

CAMPBELL, CA, May 6, 2024 – Centric Software the product lifecycle management (PLM) market leader, is set to showcase its AI-driven solutions to fuel ‘real-time retail’ at NRF Asia 2024, retail’s most important event in the region.

In the face of supply chain disruptions and intense competition, brands and retailers are under immense pressure to maximize profits, respect sustainability & other compliance requirements and make consumers happy. Solutions from Centric Software empower brands and retailers to produce winning product portfolios, gain visibility to make data-driven decisions and execute, replenish and re-price in real-time with its end-to-end AI-powered solutions.

Founded in 2003, Silicon Valley based Centric Software provides an innovative product concept to launch platform for retailers, brands and manufacturers of all sizes and segments of the consumer goods industry including fashion, footwear, luxury, outdoor, consumer electronics, cosmetics & personal care and food & beverage.

Today, Centric is trusted by 18,000 brands, retailers and manufacturers worldwide, such as Pan Pacific International Holdings (PPIH), Kmart, Sephora, Samsung Fashion C&T, Swarovski, Trent Limited and Lyfen for its commitment to innovation, industry expertise, 100% go-live rates and seamless integration capabilities.

Since 2018, Centric has been incorporating AI tools in its flagship product lifecycle management (PLM) solution and AI/ML are now options in all of its solutions for faster, better decision-making, task automation and the elimination of manual work. Centric’s latest acquisition of aifora (now Centric Pricing & Inventory) further strengthens its AI capabilities, enabling retailers to predict future demand and replenishment needs and optimize pricing, fostering real-time retail capabilities.

Customers of Centric have experienced tangible ROI, including:

  • Improved margins by 4-15%
  • Reduced excess inventory by 60%
  • Reduced discounting up to 60%.
  • Sped up creation of assortment presentations by 99%
  • Reduced time to market by 40 to 60%

Centric will be at NRF Asia 2024 to present its AI-powered solutions for brands and retailers to orchestrate a competitive retail and product strategy, maximize revenues, increase agility, speed time to market, get closer to consumers and enable sustainability and compliance.

About Centric Software

Silicon Valley-based Centric Software provides an innovative product concept-to-customer platform for producers, brands and retailers of all sizes in the food & beverage industry, food service and grocery retail sectors. Centric Software works closely with customers to achieve more efficient project management and safer product development, execute a competitive retail and product strategy, increase agility, speed time to market and get closer to consumers, resulting in maximized revenues and margins.

Centric Software is a subsidiary of Dassault Systèmes, the world leader in 3D design software, 3D digital mock-up and PLM solutions.

For more information, visit www.centricsoftware.com.

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