With the digitalization of mostly everything, companies have followed by reviewing their information systems and beginning their digital transformation.
Since the early 2000s, cloud computing, or “remote data center”, has impacted organizations by bringing flexibility and reducing costs.
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From 2004 through 2013, undeclared allergens were a leading cause of food recalls, accounting for 27.4% of all recall events. Globally, barely 10% of food and beverage products are traced, verified and certified (what are steps of transformation? who are the players? How to inform consumers?).
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Premium product segments outpacing total category sales in CPG markets shows that consumers’ aspirations and priorities are shifting. And at a time when brand strategy is inseparable from product information, providing transparency to consumers is the minimum thing to do to gain their trust and loyalty.
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If you are part of the 48% of Small and Medium Businesses (SMBs) currently planning to begin their digitalization journey or the 36% that are already on the way, we guess one of your biggest challenges is understanding and defining your own needs to identify the perfectly-fitting solution.
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Did multiplying the number of new products really helped you retain your loyal consumers or attract and convert new ones? No? Well, don’t blame your design teams. No matter how well they can develop products, they still need project managers to take the right decision on the products to develop.
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After spending weeks and months designing the perfect product, it would be unfortunate to miss the transition to the production stage. And that can be done quite easily by not giving enough attention to the batch sheets. Let’s see the main failure reasons and how to cope with it.
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As consumers grow more demanding, retailers need to ensure products are available at the right time, through the right channel and at the right price. While it seems collaboration between retailers and suppliers has existed forever, it has become more essential for success.
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Product development is a complicated and time-consuming process that can be completed better and faster with the right organisation. But, every problem has a solution. See what tools Lascom can give you to build a strong foundation for better product development.
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The consequences of a misguided change can be serious: thousands of unusable packaging, a failure to comply with regulations, and in the end a large amount of funds lost.
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PLM and ERP are complementary software that works together to ensure the success of a product. Product Lifecycle Management (PLM) comes first by managing the product development and its processes. Enterprise Resource Planning (ERP) manages the supply chain including the inventory, pricing, and payments. These are used sequentially to provide the most up to date product data at any time.
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