Centric Software takes over Armonica Retail to strengthen portfolio

Centric Software, leading player in Product Lifestyle Management (PLM) headquartered in Campbell, California has recently announced taking over Armonica Retail, a provider of innovative end-to-end retail planning solutions.

With the acquisition, Armonica and Centric will allow clients to mobilize an integrated process encompassing planning, development and delivery to omnichannel sales.

Together, the two parties will instigate digital transformation presenting substantial potential value to users with capabilities to plan, visualize and execute business operations driven by real-time plan instead of actual feedback delivery during the complete product lifecycle.

Centric Software displays a competitive portfolio of most innovative enterprise solutions catering to designing, planning, developing, sourcing and selling of a vast range of products including sporting goods, apparel, home décor, footwear, furniture, luxury, food & beverage and cosmetics.

Through this move, the company will therefore onset digital transformation of strategies and operations.

For the uninitiated, Armonica commenced its operations in 2018 in Milan, Italy under the leadership of Simone Pozzi and Riccardo Proni, globally recognized names in the field of retail planning solutions.

Pozzi and Proni have 20 years of experience in working alongside globally acknowledged fashion retail leaders across the world.

The company’s innovative cloud-native solution, labelled Armonica Planning is integrated with best practices in omnichannel retail planning.

The end-to-end solution is easy to configure and use and offers flexibility along with shorter implementation period.

Additionally, it covers crucial tasks such as range planning, store allocation and replenishment, merchandise financial planning, assortment planning and buying, wholesale planning, vendor replenishment and forecasting.

Armonica Planning adds value when amalgamated with Centric products such as its suite of digital boards, the Centric Visual Innovation Platform (VIP) and Centric PLM 

Apparently, maximization of omnichannel business along with product sell-through and speed to the market necessitates extraordinary agility which is induced by pre as well as in-season visual and analytical decision-making.

Source Credits: https://finance.yahoo.com/news/centric-software-acquires-armonica-retail-060000756.html?guccounter=1