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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The nature and composition of products reaching the market nowadays has certainly changed a great deal. From a relatively straightforward offering in the past, with a few variations on a theme, brands are now producing sprawling ranges which introduce a great deal more complexity into formulation.
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In these days of heightened concerns over environmental matters, product life-cycle assessment (LCA) plays a crucial role not only in businesses’ technology choices, but also in their long-term strategies. In addition to products of great nutritional value, consumers today expect higher ethical production standards from manufacturers. LCA means agri-food businesses are better placed to reconcile production performance and environmental friendliness.
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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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Whatever the food and beverage segment, a product is often changing. Change is the rule not the exception. Companies innovate constantly; even “best-sellers” need updates to remain profitable. Launching a new product or going to new markets require companies to take many things into account such as documentation, ingredients, labeling, supply, regulations or safety.
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