March 13th, 2024

Just Style Applauds Centric Software for AI Innovations and More with 4 Awards

Centric recognized for excellence in innovation, product launches, R&D and M&A in Just Style’s 2024 awards

CAMPBELL, Calif., March 14, 2024 – Centric Software®, the Product Lifecycle Management (PLM) market leader is pleased to announce that it has been awarded four accolades in the Just Style Excellence Awards 2024. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, outdoor, luxury, multi-category retail, grocery, food & beverage, cosmetics & personal care and consumer electronics to achieve strategic and operational digital transformation goals.

The Just Style Excellence Awards is an independent recognition program powered by the business intelligence of GlobalData. Just Style’s team of researchers and journalists, assisted by the power of AI, analyze over 1 billion datasets during the year to recognize, endorse and rank top-tier companies across the globe. The awards represent one of the largest, most prestigious and widely known programs in the industry, and Just Style’s objective is to recognize forward-thinking, innovative companies that drive positive change.

Centric Software received four awards from Just Style in 2023, and has repeated the feat this year. Centric is a Category Award Winner for Innovation, Product Launches, Research & Development and M&A in the Just Style Excellence Awards 2024.

“We recognize Centric Software for their innovative AI-driven products and relentless pursuit of product evolution, coupled with acquisitions that align with the company’s strategic goals,” says Tina Ross, Global Awards Manager at Just Style. “Centric’s innovations are driven by the insights of their Customer Advisory Board.”

In particular, Just Style notes that Centric Planning™, an AI-powered retail analytics and planning solution, has been acknowledged for its user-friendly interface and AI/ML engine, which significantly enhances margins and improves sell-throughs.

“Centric’s substantial investments in R&D have yielded a suite of digital solutions, empowering consumer-centric planning and execution in addition to sustainability and compliance needs,” Ross continues. “The strategic acquisition of aifora™, an AI-powered price and inventory optimization solution, aligns with the company’s vision of providing actionable insights for brands and retailers to thrive in a data-driven market.”

“We are delighted that Just Style appreciates how Centric has embraced AI innovations,” says Ron Watson, EVP, Products and CSO at Centric Software. “We included AI tools in Centric PLM™ as far back as 2018, and AI is now present across all of our solutions. AI has an important part to play in assisted decision-making, data analysis and the elimination of manual tasks so that teams can focus on value-added work. It’s a critical component of our innovation game plan, and Just Style’s awards validate that strategic focus.”

“We would like to thank Just Style for recognizing Centric’s commitment to excellence with these four awards,” says Chris Groves, CEO of Centric Software. “Centric has evolved and grown considerably in the past year with the acquisition of aifora and the launch of our seamless customer to replenishment solution experience. We celebrated a milestone of 800 customers in January, and continuously work with our customers to develop innovations and incorporate cutting-edge technologies such as AI into our solutions.”

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Centric Software® (www.centricsoftware.com)

From its headquarters in Silicon Valley, Centric Software provides an innovative and AI-enabled product concept-to-replenishment platform for retailers, brands and manufacturers of all sizes. As experts in fashion, luxury, footwear, outdoor, home and related goods like cosmetics & personal care as well as multi-category retail, Centric Software delivers best-of-breed solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products.

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 giving insights into consumer trends, competitor offers and pricing to boost competitively and get closer to the consumer, with an up to 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 Software’s market-driven, best-of-breed 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.