Today, computers and software are more and more widespread. In the Food and Beverage industry, a good example is the use of more and more sophisticated nutrition labeling software. To have the right content for a label, food and beverage companies need to aggregate all the data required like allergens lists, claims, nutritional values of raw materials.
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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.
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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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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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One of the central problems of the consumer-packaged goods industries is to ensure regulatory compliance of products marketed in one or more markets. To do this, companies need to be able to know the new laws and regulations in force that could impact the development of future products.
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