The pressures of Time to Market, Regulatory Compliance, Globalisation and Resource Optimisation are ensuring Innovation is on the agenda of most senior executives within the CPG industry. As highlighted in the findings of recent research by Aberdeen Group and published in the CPG Innovation Agenda; Product Lifecycle Management (PLM) is at the core of Innovation enablement.
‘best in class innovative companies are 4 times more likely to have PLM-related technologies than their poorer performing competitors’
AberdeenGroup
The CPG Innovation Agenda
Dec 2005
You are dealing with ever-increasing regulatory complexity and an increasingly diverse set of target consumers. This one-two punch has led to an unprecedented level of product development activity. We understand your company and what drives your innovation process. We know where your current systems infrastructure can do more for you and where it will never help. We know that it is time for your company to seriously consider a PLM platform from a serious PLM company. PLM is an approach that has evolved in the discrete manufacturing sectors of Automotive and Aerospace; and is now widely accepted as a best practice approach within the Consumer Packaged Good, Retail and Pharmaceutical sectors.
A PLM framework for the CPG industry will focus on 4 key initiatives:
- New Product Development: Integrating people and processes to rapidly bring innovative new products to market that meet market requirements.
- Value Chain Synchronisation: Connect all value chain members to optimize product value.
- Knowledge and IP Management: Capture, reuse and automate product and process information.
- Production Efficiency: Integrate product design with process design and production information.
At ESTEQ we take the job of transforming your process of innovation seriously. Our core capabilities reside where your other systems dare not go. By combining advanced product data management capabilities with powerful collaboration and workflow capabilities we have built a PLM platform that has proven itself able to take on the innovation challenges of the world’s largest and most demanding manufacturers in and outside of the CP industry.
Procter and Gamble is just one example of a CPG organization who has delivered both bottom line savings and strategic business value from adopting a PLM strategy that is enabled by technology from PLM market leaders UGS (ESTEQ’s supplier of PLM solutions)
- P&G’s Oral Care division reduced packaging and artwork execution from 10 weeks to 1 week post PLM adoption, resulting in a launch 2 months earlier than anticipated in a German market
- PLM enabled P&G’s baby care division to increase product upgrades and extensions from 1 to 4 per year, resulting in growth by 15% in one market
PLM is the future for any business in the CPG industry and you can get ahead of your competitor by contacting ESTEQ as soon as possible to hear more about PLM and how it can specifically be part of your business with your specific needs.
|
|
|
|