Latest news with #CentricSoftware
Yahoo
10-06-2025
- Business
- Yahoo
Brenntag Selects Centric PLM to Boost Global Growth and Harmonize Product Data
German chemical and ingredients distributor partners with Centric Software to ensure compliance and streamline ingredients & recipe management CAMPBELL, Calif., June 10, 2025 /PRNewswire-PRWeb/ -- Centric Software® is pleased to announce that Brenntag, the global market leader in chemical and ingredients distribution, has selected Centric PLMTM to streamline new product development and harmonize product data for its food and nutrition division. Centric Software provides the most innovative enterprise solutions to plan, formulate, develop, procure, manufacture and sell consumer goods products in food & beverage, grocery, food service and multi-category retail to achieve strategic and operational digital transformation goals. Brenntag Specialties sought a single source of truth for master data management in its Food & Nutrition business to ensure regulatory compliance across multiple regions. With a strong network of dedicated Innovation and Application centers working daily on satisfying customer requests, Brenntag identified an opportunity to streamline R&D processes. Nutrient calculation and labeling declaration were vital functions to address. For each country where Brenntag operates, there are specific regulatory rules governing permitted ingredients and labeling. Formulation, recipe management, compliance checks, label and artwork management all operate together. They require a streamlined process and reliable, real-time data. "We need a holistic PLM solution to harmonize data and processes across our Food & Nutrition Division in order to ensure that we are agile in developing new products and solutions for our customers, while always guaranteeing the quality and compliance standards our company is renowned for", says Stephanie Pretesacque, Director Innovation and Application at Brenntag. With Brenntag's vast global network of employees, customers and suppliers, a robust global and connected PLM solution is necessary. The ability to operate in multiple languages is essential, and data needs to be updated and available in real-time. After a thorough analysis of a number of PLM solutions, Brenntag selected Centric. One of Centric PLM's key differentiators is its strong integration capabilities with other systems and partners, particularly with FoodChain ID, a popular compliance database and partner of Centric Software. Brenntag also chose Centric for its strong customer references in the food & beverage sector, track record of successful implementations delivering ROI and high user adoption rates. "Centric PLM will empower teams to manage projects more efficiently with real time visibility and a global view of departments, projects and roles," says Maria Sarandeva, Commercial Excellence Director. "Regulatory compliance and sustainability are at the core of Brenntag's brand promise. With PLM, all product information will be stored in one location and we will easily track product development." "We are thrilled that Brenntag has selected Centric PLM as the foundation solution to ensure regulatory, compliance and sustainability across their vast global business network," says Fabrice Canonge, President of Centric Software. "We look forward to a long-term partnership with this pioneering brand committed to innovation and sustainability." [Learn more about Centric Software __title__ Learn more about Centric Software] [Request a demo __title__ Request a demo] Brenntag ( Brenntag is the global market leader in chemicals and ingredients distribution. The company holds a central role in connecting customers and suppliers of the chemical industry. Headquartered in Essen, Germany, Brenntag has more than 18,100 employees worldwide and operates a network of about 600 sites in 70 countries. In 2024, Brenntag generated sales of 16.2 billion EUR. The two global divisions, Brenntag Essentials and Brenntag Specialties, provide a diversified and broad portfolio of industrial and specialty chemicals and ingredients as well as tailor-made application, marketing and supply chain solutions, technical and formulation support, comprehensive regulatory know-how, and digital solutions for a wide range of industries. Brenntag pursues an ambitious sustainability agenda and is committed to sustainable solutions in its own sector and the industries served. Brenntag shares have been listed at the Frankfurt Stock Exchange since 2010, in the DAX since September 2021. In addition, the Brenntag SE shares are listed in the DAX 30 ESG and DAX ESG Target. Media Contact Celia Newhouse, Centric Software, +14385015498, cnewhouse@ Twitter View original content to download multimedia: SOURCE Centric Software Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Value Chain
05-06-2025
- Business
- Fashion Value Chain
Kiğılı Adopts Centric Planning to Boost Retail Innovation
Turkish menswear pioneer Kiğılı has partnered with Centric Software® to fuel its digital transformation and streamline retail planning. As part of this strategic move, Kiğılı will implement Centric Planning™, an AI-powered, end-to-end platform designed to optimize merchandise planning, allocation, and supply chain efficiency across channels. Established in 1938, Kiğılı is a heritage brand with a modern touch, operating 180+ stores in Türkiye and 50+ sales points globally. The shift from Excel-based planning tools to Centric's integrated system will empower Kiğılı to scale operations, align pre-season and in-season planning, and respond more dynamically to market demands. 'With Centric Planning, we're building a strong foundation for scalable and data-driven growth,' said Hüseyin Deveci, Supply Chain Director at Kiğılı. 'This solution will replace manual workflows, unify planning processes, and let our teams focus on strategic initiatives.' Centric Software, known for delivering cutting-edge solutions across fashion, luxury, and multi-category retail, will enable Kiğılı to gain real-time insights into stock allocation, store segmentation, and replenishment cycles. 'Centric Planning stood out during our extensive evaluation for its adaptability and end-to-end capabilities,' added Deveci. 'It's more than a tool—it's a transformation.' Fabrice Canonge, President of Centric Software, commented, 'We're excited to support Kiğılı in their retail evolution, bringing greater speed, accuracy, and agility to their planning ecosystem.'
Fashion Value Chain
03-06-2025
- Business
- Fashion Value Chain
Centric Software Debuts AI Retail Platform at NRF Asia 2025
Centric Software® is unveiling its AI-powered concept-to-commercialization platform at NRF 2025: Retail's Big Show Asia Pacific, taking place from June 3–5 in Singapore. For the second year running, the enterprise tech leader will spotlight its integrated solutions tailored for the consumer goods industry—including fashion, luxury, home, footwear, food & beverage, and cosmetics. Centric's flagship PLM platform, along with tools like Centric Planning™, Pricing & Inventory™, Visual Boards™, Market Intelligence™, and PXM™, delivers real-time, data-driven support for strategic decision-making. These solutions are engineered to meet today's challenges—tariffs, shifting sourcing strategies, compliance pressures, and increasing consumer and sustainability demands. With the retail landscape in Asia undergoing rapid transformation, Centric Software equips brands and manufacturers with agile, AI-infused tools to optimize product development, accelerate time-to-market, and maintain profit margins—even amid disruption. Attendees can visit booth #1007 for demos and consultations across sectors, or catch President Fabrice Canonge's keynote on June 3, 1:45–2:15 PM at Expo Stage 3, titled 'Maximizing Profitability Amid Tariffs and Disruptions.' Customer Highlight: Singapore-based Phoon Huat Pte Ltd. has already adopted Centric PXM to streamline operations and improve speed-to-market. With over 18,000 global users, Centric's retail tech ecosystem continues to drive digital transformation at scale. Book demos or register with a discount: Visit Event Page
Yahoo
15-05-2025
- Business
- Yahoo
Navigating Tariff Turbulence With Pricing Elasticity
Despite their dominance in the news, tariffs are not new. Companies have seen them rise and fall across the globe in the past, always adjusting costs and margins in response. What is new, however, is today's unprecedented rate of dynamic tariff movement—and the colossal tumult it is causing. That means you need a dynamic pricing strategy to adapt to the uncertainty. More from Sourcing Journal Why South Carolina's Textile Manufacturers Want to Talk To Scott Bessent Long Beach Mayor Says It Could Take Months to 'Untangle the Backlog' at Nation's Busiest Port Tech Tactics: Bluecore Brings AI Shopping Assistant Alby to Shopify Retailers 'When things are moving so fast and you don't have a good, certain understanding of what's happening, you need to be a little bit more responsive and agile,' said Ravi Rangan, chief technology officer of Centric Software, in the webinar Tariff Turbulence: Leveraging Technology and Pricing Elasticity to Thrive in 2025. 'It's a little bit like being caught in a fire in the theater. You don't start analyzing what to do; you [just] run for the exit. But you want to be prepared.' Market intelligence tools like Centric Market Intelligence are key to creating a macroeconomic context—providing information on external forces of the market, what's happening, what's trending, what are the competitive forces, not just in your category, but across the industry. First step, noted Jade Huang, VP, strategy & market intelligence, Centric Software, is to set a pricing baseline. This entails examining and reaffirming your specific brand's price positioning and strategy in relation to your competitors, as well as noting how competitive companies build out their respective pricing and assortment architecture, and what changes they might have made over time. How they managed significant disruptive events is especially pertinent. Tracking the basic white T-shirt as an example across a variety of brands, Huang looked at pricing and assortment breadth to spotlight significant clusters and overall philosophy. She found, for example, that ASOS' average price for a white T-shirt was $32.37, among 355 skus of shirts and tops. Gap, in contrast, focuses 52 percent of its white T-shirt assortment in the entry price point of $21 to $25, but with only 23 shirts and top skus (tighter, but still higher than Uniqlo's highly rationalized nine). Meanwhile, H&M, with 71 shirts and top skus, focuses on mass appeal, with 44 percent of its white T-shirts priced between $6 to $10, with entry price point as little as under $5. To understand the shift in prices and strategy over time, Huang then looked at price positioning from Q1 2020 to Q1 2025. This revealed that ASOS had diversified and spread out its risk by expanding white T-shirt price points across $16 to $35 today, instead of the strong $16 to $20 range focus from 2020, thus diversifying from a 41 percent single price point concentration. Major department stores, which source from thousands of small to large brands, also serve as important gauges of larger market shifts. Centric Market Intelligence revealed that in the last month, Macy's raised its average MSRP ticket for white T-shirts 'a whopping $11' from $42 to $53.' Fast-fashion Chinese retailer Shein, which no longer has the under $800 duty-free de minimis loophole on its side, raised its average white T-shirt price from $20 to $29 in just one week in April 2025 (a $9 increase)—a dramatic hike for a brand that has built its reputation on super low prices. Digging deeper, Centric's intelligence interpreted that evergreen items have longer-lasting appeal than fleeting trends, thus justifying the high white tee price hike. With the power to monitor the market and competitors in real time, especially around disruptions like tariffs, 'you can start to have some inferences on how [companies] are thinking about spreading out that cost and passing it to customers,' said Huang. In addition to focusing on external forces and outside competitive analysis, Centric also has tools for companies to look inward and analyze their own operations, something especially important for omnichannel retailers cross-channel in uncertain times. 'In addition to the probing and deep sensing from the outside, there's also the other parts of, how do I organize my product? How do I do the bill of material? How do I pick materials? How do I pick from multiple sources or from my supply chain, or shift supply chains? And how do I track to product development metrics and supply sustainability targets?' said Rangan. Any pricing strategy must also take the consumer into account, from their level of tolerance and their direct feedback. As consumers are managing their disposable income and budgets, smart companies should proactively and transparently communicate price hikes via direct email, website postings and/or social media. Centric's Digital Shelf Analysis (DSA) provides consumer feedback and review insights, which can also factor into the equation. With future and even current tariff levies constantly in flux, Centric tools allow companies to run various 'what if?' scenarios to be ready when disruption occurs. 'I can basically do simulations of different [sourcing and manufacturing] strategies. And within the strategy, simulate different tariff scenarios,' said Rangan. 'Especially if I'm expecting a tariff scenario that I need to be prepared for. So, if [a tariff] does enact in 90 days, then I can pull the trigger on [chosen scenario], and I have at least done my homework, and I can sleep at night.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
How to Achieve ‘Smooth Sailing' Amid Tariff Turbulence
Import costs are going through the roof as the U.S.–China punitive tariff crisis escalates. In fact, tariffs on Chinese goods have surged into triple digits, effectively choking off trade and squeezing margins. In apparel alone, the average import duty more than doubled from 14.5 percent in 2024 to 30.6 percent in 2025—that's an extra $26 billion in costs hitting retailers' bottom lines. This tariff turbulence is forcing fashion and retail companies to make tough choices on pricing, sourcing and inventory amid unprecedented cost volatility. [REGISTER FOR THE WEBINAR] More from Sourcing Journal Amid these headwinds, price elasticity has become a critical tool for guiding strategy. Unlike price sensitivity, which reflects perception and is qualitative, price elasticity reflects behavior and is a quantifiable measure of how demand responds to price changes. If a small increase in price causes demand to drop sharply, demand is elastic. If sales remain steady despite a price hike, demand is inelastic. Understanding how sensitive demand is to price changes—and how it differs by product and consumer segment—is now mission-critical for protecting revenue. Understanding elasticity helps retailers answer hard questions with clarity. Should a 10 percent cost increase be passed on—or will it cause demand to collapse? Which categories can support higher prices, and which risk losing volume? How does elasticity vary across product, consumer segments or economic environments? The key is marrying elasticity insights with market intelligence. By monitoring competitive shifts, watching for consumer strain and adjusting in real time, retail teams strike the right balance between price and profitability—while staying aligned with customer expectations. Register for 'Tariff Turbulence: Leveraging Technology & Pricing Elasticity to Thrive in 2025' on May 8, 2pm ET to learn how to translate elasticity metrics and AI market intelligence into real-world pricing, forecasting and sourcing decisions that directly safeguard margin, revenue and customer retention. Speakers include Ravi Rangan, chief technology officer, and Jade Huang, VP, strategy & market intelligence, both of Centric Software, and Kate Nishimura, senior news and features editor, Sourcing Journal. Watch for the webinar to learn:
