6 reasons to accelerate successful product innovation with Product Lifecycle Management
May 26, 2020
Food and beverage manufacturers need to take a fresh approach to how they do business.
Why? Increasing consumer demand for greater product innovation and transparency, ever-increasing quality and compliance pressures, tighter profit margins, new channel opportunities, and a dynamic workforce are just some of the factors that are shifting market dynamics.
New Food Magazine hosted an Infor Webinar on how Product Lifecycle Management (PLM) can improve innovation.
During this webinar Keurig Dr Pepper provided a great customer case, where Bob Wimpfheimer told us how they needed a software solution that could help develop new products quickly, produce these products using the best possible formulas, and maintain full compliance with all regulatory requirements.
Additionally, the Webinar highlighted several areas where companies can find business evidence to justify their interest in PLM, here listed as questions:
- How do you collaborate today?
- How do you manage your NPD projects data today?
- How is your Project Portfolio Management?
- Where do you keep Product Information?
- Regulatory Compliance / Declaration issues
- How do you get Product data entered to ERP?
Got inspired on how to improve innovation? The free webinar is available on demand here.