You put a lot of time and energy into developing your products. From the product brief to the packaging design, from formulation to regulatory compliance, from internal and external collaboration to document management—you’re managing a lot of moving parts. And you’re doing it all while competing with other long-reigning brands and new niche luxury companies.

This is where product lifecycle management (PLM) comes in.

Robust PLM software is designed to streamline this process and help guide you through every phase of product development.

Let’s take a look at what you can do with a PLM system in your corner.

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.

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.

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.