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2018 Sourcing Outlook: Challenges and Expectations

Despite the fact that many dubbed 2017 as the “Year of the Retail Apocalypse,” the fashion and apparel industry is still alive and well as we kick off 2018. However, the sourcing landscape has changed and will continue to evolve as customer demand, rising costs and rapid innovation are here to stay. While none of these trends are new, these drivers have reached a tipping point and can no longer be ignored if retailers and brands want to succeed in 2018.

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Meet with NGC at NRF and Enable the Digital Supply Chain in 2018

A new year means new opportunities, and in 2018, new opportunities can be found by enabling the Digital Supply Chain. That means retailers and fashion brands must embrace solutions that enable the Digital Supply Chain and help them thrive in today’s tough business climate. In fact, an important research study from McKinsey & Co found that digitization is a major priority despite its low maturity rate in the apparel sourcing industry: 76% of executives surveyed said digitization will lead to a significant reduction of lead time from assortment planning to first touchpoint in the market – “reducing their lead time by 2 – 8 weeks to achieve the agility needed in a demand-driven market.” The results of this study validate our vision of the Digital Supply Chain as the key to business transformation and align perfectly with the features in NGC’s Andromeda Cloud Platform, which NGC will be demonstrating at NRF booth #2520.

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NGC Named Leader in Annual Guide of the Best Retail Technology Providers

NGC Software was recently named a leader in 25 categories in the 2017 RIS Software LeaderBoard. 2017 marks the sixth consecutive year that NGC has appeared in the Leaderboard, underscoring the company’s continued focus on customer satisfaction, technical superiority, and support. The RIS Software LeaderBoard ranks technology vendors based on customer satisfaction surveys across a wide range of criteria, serving as an objective guide to help retailers find the vendors and solutions they need. It is widely recognized as one of the retail industry's most authoritative rankings of retail technology software vendors.

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Be Thankful for Real-Time Sales Data This Thanksgiving

This holiday season, the very best fashion retailers are starting to react to current sales trends as soon as they happen with immediate information. Because of real-time sales data, retailers and brands can implement read and react strategies and power the digital supply chain, giving them a whole lot to be thankful for.

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Q&A with WhichPLM: Transforming the Fashion Industry

Recently, NGC’s Mark Burstein sat down with WhichPLM to discuss the need for retailers and fashion brands to transform their business. In the Q&A, Burstein highlights why the old model of PLM is no longer effective and how, in order to be successful, companies must integrate data from all corporate departments and third-party providers of goods and services into one source of information, from merchandise planning through sale to the final consumer.

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Join NGC Software at Sourcing Journal Summit 2017: Pain Points + Pivots

On Tuesday, Oct. 17, NGC Software will be in NYC for the fifth annual Sourcing Journal Summit, a gathering of supply chain executives leading the sector’s latest initiatives. We’re proud to be a sponsor for this year’s event, focusing on “Pain Points + Pivots.” This year’s content will include an analysis of how the new U.S. administration has changed taxes, trade and regulations, and the impact each has had on our industry. Speakers will investigate the seismic shifts hitting retail and how the entire supply will have to adjust to meet the new consumer demands. Discussions will highlight the way in which innovation is changing the supply chain, including production, sustainability, transparency and retail transactions.

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Supply Chain Visibility – The Key to Overcoming Quality Issues

Quality issues are inevitable. But reacting to the issue(s) once goods arrive is not the solution – visibility into your supply chain is! At NGC, we’ve been stressing the importance of supply chain visibility for years. With zero or limited visibility throughout the production processes, it’s difficult to address problems and/or institute a solid quality control program. As retailers and brands come to realize what poor product quality means - not just to their brand reputation, but to their bottom line – they realize the need to implement better quality programs. In our last post, Poor Product Quality – What It Means to Your Bottom Line, we identified the costs associated with poor quality. Now let’s look at how to avoid quality issues – through supply chain visibility.

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Congratulations to Our 2017 Apparel “Top 50” Customers

Apparel Magazine has released the 2017 “Top 50” publicly traded apparel companies who have demonstrated that they are “working diligently to meet customer demand with innovative product, fast delivery and seamless experiences across channels, while facing down the challenges of a swiftly changing retail world.” We’re honored to announce that six NGC Software customers are featured in this year’s list.

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It’s Time to Make a Strong Commitment to E.S.G.

You might not have heard of the acronym, “E.S.G.,” but if you’re planning to seek funding anytime soon, listen up: E.S.G. is now a key metric for investors in making major investment decisions. But what is E.S.G.? Investopedia provides a simple explanation, saying, “The Environmental, Social and Governance (ESG) Criteria is a set of standards for a company’s operations that socially conscious investors use to screen investments.” Here’s how they break it down:

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NGC Software at PI Apparel NYC, June 22-23

We’re excited to announce that NGC Software’s Mark Burstein will be speaking at PI Apparel NYC, June 22-23. This two-day event features the latest technologies and leading experts disrupting the fashion, apparel and footwear industry. Mark’s session, “Retail Transformation, The Changing Role of PLM and What You Need to Do About It,” explores how the digital supply chain demands that information and data flow throughout the entire value chain. Today, PLM systems only contribute to a sector of that value chain; PLM’s role is rapidly changing, and almost no global fashion company knows the proper approach to execute a Digital Supply Chain.

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