We’ll tackle both of those questions below and delve into how to successfully integrate ERP and PLM solutions. So, your consumer goods business can unlock the competitive advantage of having both these powerful tools in your arsenal.
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Feeling the pressure to deliver more new products with a shorter time to market? All while streamlining your operations?
With changes in consumer tastes and growing pressure to provide supply chain visibility, managing your product portfolio efficiently while driving innovation can be an uphill struggle. And it’s only more challenging if you’re battling information silos, manual processes, disparate systems or legacy software.
Here are 6 reasons why you can’t afford to pass up PLM any longer.
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Spreadsheets, such as Microsoft Excel, are extensively used in the corporate and manufacturing world for maintaining contact information, making calculations and developing dashboards and comparison charts of large amounts of raw data. But if you need to share real-time information and inject collaboration into your activities, spreadsheets are simply not enough.
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Streamlining your product development process is essential to ensure that your deadlines are respected and your products hit the shelves on time. It is also important to create a smooth process as it can make the difference between the success and failure of your products. As a Food and Beverage professional, you need to implement the best practices that will considerably improve your product development, hence, minimizing the possibility of product failure.
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According to the FDA, about 2% of adults and 5% of infants and young children suffer from food allergies. Each year, it is estimated that approximately 30,000 people need emergency room treatment. For the same period, food allergies cause the death of about 150 individuals. Read more for food allergen management best practices.
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From design to print, the development of a product packaging involves several stakeholders – internal and external. Marketing, R&D, quality or regulatory affairs teams, suppliers and creative agencies have to work together, share documents and data to create the required packaging. Without a dedicated solution, it can quickly become a nightmare to meet deadlines while creating a compliant packaging.
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Project management is a fundamental issue for today’s businesses. It is increasingly common to hear “we want to work in project mode”, implying a willingness to plan, communicate and collaborate as best we can on projects.
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Consumers are becoming increasingly aware of environmental concerns, in addition to their social, nutritional and health expectations. That is why we could see the introduction of the carbon score on consumer-packaged goods.
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As we discussed previously, global product management and development should not drag your international strategy. While we identify regulatory compliance management as the biggest business challenge for a CPG organization developing products for international markets, multilingual product data management is a fundamental technological asset. Although providing a global interface is crucial to facilitate the acceptance of the solution amongst international teams, it is not enough.
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The way innovation operates has changed rapidly over the last twenty years, pushed by technological advances. The very concept of innovation has also fundamentally changed. Modern innovation is no longer just a matter of assigning some internal resources to manufacturing products offering some kind of differentiation. A large number of external factors are now added into the mix.
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