Toynk Toys Selects Centric PLM to Streamline Growth in Licensed Manufacturing and Multi-Brand Expansion
Founded more than 20 years ago and headquartered in
Rapid growth increased complexity across product development, vendor collaboration, and licensor approvals. Product data became decentralized across emails and spreadsheets, limiting visibility into product status and approval stages and reducing insight into product performance after launch.
"The fact that there was just a complete lack of process was the main thing," says
Toynk Toys conducted an internal analysis to determine whether building an in-house PLM solution would meet its needs but concluded it would slow time to market, divert resources from strategic growth and place the burden of continuous innovation on internal teams. The choice was then made to advance with a proven market leader.
"I quickly realized that an in-house PLM solution was going to be out of reach, and the time to market to build something was not going to serve the company," Disney explains.
After shortlisting four PLM solutions, Toynk Toys identified Centric PLM as the clear choice. "I needed to find something that was vetted in the marketplace," says Disney. "Rather than trying to define every process ourselves, I sought out best practices and it became very clear that Centric PLM rose to the top."
Toynk Toys is implementing Centric PLM for internal teams with the external vendor portal for vendor collaboration and approvals and leveraging the open service pool for deployment and integration, including alignment with NetSuite. Expected benefits include a single source of truth, reduced manual effort, improved transparency and accountability, fewer errors, and enhanced reporting that informs future assortment planning, investment decisions and license expansion.
"Toynk Toys is at an exciting inflection point as it scales licensed manufacturing across multiple brands, categories, and channels," says
Learn more about Centric PLM and how it enables scalable growth.
Toynk Toys (www.toynk.com)
Back in 2001, tired of the boring corporate grind, a group of friends hatched a brilliant plan to develop a company centered on fun products. What couldn't be more enjoyable than a business selling toys and collectibles? Today, Toynk Toys is headquartered in
Centric Software® (www.centricsoftware.com)
From its headquarters in
- 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™ is an AI-driven platform delivering insights into consumer trends, competitor offers and pricing to boost competitively and get closer to the consumer, driving up to a 12% increase in average initial price point.
- 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.
- Centric PXM™, AI-powered product experience management (PXM) encompasses PIM, DAM, content syndication and digital shelf analytics (DSA) to optimize the product commercialization lifecycle resulting in a transformed brand experience. Increase sales channels, boost sell through and drive margins.
Centric Software's market-driven solutions have the highest user adoption rate, customer satisfaction rate and fastest time to value in the industry. Centric Software has received multiple industry awards and recognition, appearing regularly in world-leading analyst reports and research.
Centric Software is a subsidiary of Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the world leader in 3D design software, 3D digital mock-up and PLM solutions.
Centric Software is a registered trademark of Centric Software, Inc. in the US and other countries. Centric PLM, Centric Planning, Centric Pricing & Inventory, Centric Market Intelligence, Centric Visual Boards, Centric PXM, Centric PIM, Centric DAM, Centric Shoppingfeed® and Centric DSA (including Centric Digital Shelf Analytics) are trademarks of Centric Software, Inc. All third-party trademarks are trademarks of their respective owners.
View original content to download multimedia:https://www.prnewswire.com/news-releases/toynk-toys-selects-centric-plm-to-streamline-growth-in-licensed-manufacturing-and-multi-brand-expansion-302735939.html
SOURCE Centric Software
