Food and beverage, cosmetic and retail industries
By speaking out when they believe they have not received their money's worth, consumers give businesses an opportunity to correct the immediate problem and restore goodwill. Experience shows that consumers who complain about products and services continue to frequent the businesses and buy the products they complain about if they believe the complaint was resolved fairly.
When consumers send a complaint to retailers, they expect a follow-up with some sort of claim traceability.
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ERP systems enable organizations to plan for orders and profitability by providing manufacturers with a real-time picture of their financial status. With an ERP system in place, companies can track orders from receipt through production and delivery in order to gain a better understanding of inventory levels, delivery lead times and production bottlenecks.
PLM is a business system that provides control of the product record across all development stages-from concept to shelves. With a PLM system in place, a company can manage product data and documentation including innovation process, specifications, RFP, formulation, packaging and labeling, regulatory compliance and product and range portfolio. A PLM system also enables a company to track any changes to product information and communicate revisions to partners involved. PLM solutions provide a robust platform performing as a unique repository to offer a “single version of the truth” to all participants.
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More than 200,000 emergency visits are due to Food allergies each year. Up to 15 million Americans suffer from food allergies, affecting 1 in every 13 children under the age of 18 and bringing the economic cost of children's food allergies alone to an estimated USD 25 billion per year*.
The increasing volume of recalls due to raw ingredient allergens is alarming. Inconsistent use of allergen risk communication, such as the clear declaration of the presence of allergens on labels, contributes to consumer confusion on what is safe to eat and drink
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When productivity is not enough to drive companies margins anymore
Challenges change, so does PLM. PLM evolves to overtake standard productivity, quality and collaboration challenges and provide a strategic vision to management teams. Projects must be seen as part of a portfolio to deeply enhance business margins and remain competitive on a tighter market. PLM offers a solution to better gather data from the whole company.
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To remain competitive, personal care and cosmetics professionals have to be extremely aware of new trends and boost their innovation processes. Reduced time to market, ineffective collaboration, out of date product information, lack of traceability are even worse in this market segment than in any other one.
To benefit from competitive advantages on the marketplace, more and more companies implement PLM suite to assist them in their products lifecycle and management processes. A PLM is a powerful tool to help companies with daily challenges.
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The following are few of the questions that professionals in the food industry or food service may ask when they do not have a PLM:
These questions are best answered by the use of a PLM.
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PLM (product lifecycle management) is a key element in business success. A study has shown that an effective management tool considerably helps business to not only better manage their product portfolio but also their global strategy. Having a single data repository and using it the right way helps top performing companies to improve growth and margins.
The infographic below explains the advantages of setting up a single data repository to better manage products ranges.
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