August 20th, 2024

Mercury Home Textile Powers Digital Transformation with Centric PLM

China’s home textile leader partners with Centric Software to build a digital R&D platform, driving efficiency, quality and innovation

CAMPBELL, Calif., August 20, 2024 – Centric Software® is pleased to announce that Mercury, the Chinese bedding company, has selected Centric PLM™ to drive go-to-market innovation and efficient collaboration. 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.

Shanghai Mercury Home Textile Stock Co., Ltd. is a major member enterprise of Mercury Holding Group and an important founder of China’s modern home textile industry. Founded in 1987, Mercury has developed into a modern enterprise that integrates R&D, design, production and sales, specializing in multiple brands. Mercury produces an extensive range of over 300 bedding and sleep products across eight categories.

In the face of rapid business development, digital transformation is high on Mercury’s agenda to drive long-term growth. Mercury decided to implement Centric PLM, aiming to establish a benchmark case in their industry that embraces advanced productivity standards.

Mr. Li Laibin, Vice Chairman and Executive Vice President of Mercury Home Textile, says, “The future goal of Mercury Group is to become a billion-level enterprise. The key to achieving this goal lies in improving the overall operational efficiency of the company, including transparency in the supply chain and efficient inter-departmental collaboration. PLM is an important tool to enhance operational efficiency, and the value of the PLM project is highly consistent with our development philosophy.”

The project primarily focuses on establishing a digital R&D collaboration platform to enhance business efficiency, improve overall collaboration and product iteration capability, and enable rapid responsiveness to market demands with high-quality products.

“We hope to leverage Centric PLM to provide controlled creative space during the R&D process, ensuring that each idea and concept has a clear framework and guidance when implemented,” explains Mr. Li. “This will further promote information sharing and collaboration between departments.”

Mr. Wang Yanhui, Director of Mercury Home Textile and General Manager of Mercury E-commerce, says, “The value of the PLM project is self-evident. It is a long-term initiative that, although requiring significant effort to streamline business and data processes, will ultimately reduce our workload once implemented.”

“We are honored that Mercury has chosen Centric PLM to establish a digital R&D collaboration platform,” says Chris Groves, CEO of Centric Software. “We look forward to the successful launch of the project, working in close collaboration with the Mercury team. We are confident that the implementation of Centric PLM will contribute to Mercury achieving their strategic growth objectives.”

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Mercury (www.Mercury.com)

Shanghai Mercury Home Textiles Co., Ltd. is a major member enterprise of Mercury Holding Group and an important founder of China’s modern home textile industry. After 35 years of development, adhering to the concept of “scientifically guarding sleep, so that everyone can sleep well”, it has rapidly become a professional and Multi-brand company. The company’s production, sales, channel scale and comprehensive strength ranks among the top three in the industry. In 2009, it passed the Shanghai High-tech Enterprise Review and successfully landed on the Shanghai Stock Exchange in 2017.

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.