In a previous article, we explained why sustainability is important and presented 5 topics on which companies can still act. Today, we will explore the first one: water. As a matter of fact, it is a key element of formulation and production of product in Food & Beverage and Cosmetic industries.
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You are most likely familiar with the concept of product databases. However, this simple notion raises deeper interrogations. In this blog post, we explore basic product database considerations and business uses. Also discover how we help manufacturers manage their product specifications in order to build end-to-end product information traceability.
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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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The cost of raw materials remains the top overall concern for food industries and manufacturers. Regarding extreme price volatility of raw materials it becomes a real challenge for food companies to remain competitive and assure sustainable margins. Crops, dairy products, oils, chemicals have high influence on companies' bottom line results.
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During a product development, it is important to ensure that the specifications are accurate, from receiving the raw materials, through formulating a recipe to launching a new product. However, businesses face various challenges while trying to guarantee the accuracy of their finished product specifications. Indeed, they need to be extremely careful to use and generate the right specs at every stage of a product life cycle.
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Every new product comes with its specification that defines its identity and characteristics for both internal and external use. Often, people expect it to be one document including all the needed information but it is more complex than that. The product specification is a dossier that gathers many documents and data from different stakeholders, both internal and external. The dossier is created and updated by all the company departments during the new product development process and for its entire lifecycle.
Faced with a highly competitive market and increasingly demanding standards, it is becoming essential for companies to be able to effectively manage and track all product-related data, from the design to the marketing of that product.
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In order to market innovative and high-quality products, the cosmetics industry is subject to increasingly complex regulatory requirements as well as economic and seasonal constraints.
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In one of the first articles of the blog, we emphasized the importance of managing the evolution of data and thus having a dynamic vision rather than static information. Since the subject has recently returned repeatedly during discussions with prospects and customers, let’s put it to the agenda of the PLM blog.
Many people think that to manage products, systems, or infrastructure, all you need is a repository for a “data warehouse” to centralize all the documents and all the data.
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Most things are best in moderation and Excel is just as well. Especially when an Excel spreadsheet is shared with multiple people and becomes more complex than originally intended and contains critical data and information.
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