Food and Beverage Giants Learn to Innovate Like Tech

Posted by Selerant on Mar 24, 2020

In the past decade the race to innovate changed entirely. As soon as the first smartphone hit the market, consumers flocked to the brands that could deliver the most powerful digital experience, even if it meant severing a lifelong customer relationship. The digital revolution motivated even 200-year-old financial institutions to transform their way of working. Companies had to learn how to out-innovate the competition – quickly – to survive. Those who held out too long went the way of Blockbuster Video.

This provoked business leaders to ask one confounding question – Why do some brands consistently produce groundbreaking ideas faster than others? 

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Topics: Product Lifecycle Management, Food & Beverage, Product Portfolio Management, Product Formulation & Recipe Management, Blog

Best Practices for Analytics Reporting Throughout the Product Development Process

Posted by Selerant on Jan 29, 2020

Selerant's Product Portfolio Management solution, the Innovation Process Management Suite (IPMS) allows organizations to manage the entire product portfolio, and individual projects, start to finish. It serves up real-time project and portfolio data that allows project teams and management the tools to effectively make decisions and keep within strategy. 

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Topics: Product Lifecycle Management, Food & Beverage, Product Portfolio Management, Cosmetics & Personal Care, Specialty Chemicals, Blog

The Outsized Benefits of Analytics Reporting in the Innovation Phase of New Product Development

Posted by Selerant on Dec 18, 2019

Consumer packaged goods companies typically have 400-500 projects or products open at a single point in time. Without the right tools, tracking and visibility across an entire portfolio becomes a constant challenge. 

People have to collect data across multiple siloed departments, from off-line folders, documents, and dashboards, to answer their most pressing questions – Do we have the resources required to support the projects? Are we getting the ROI we need to meet fiscal goals for the year? Are we on track to meet our hurdle rates? Do we need to add more projects? Can we redirect the ones that aren’t on track? 

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Topics: Product Lifecycle Management, Food & Beverage, Product Portfolio Management, Cosmetics & Personal Care, Specialty Chemicals, Blog

Six Questions to Ask Before You Purchase a PLM Solution

Posted by Selerant on Nov 30, 2019

A PLM system, implemented well, has the potential to significantly impact key performance indicators. It can help companies reduce time to market, improve product delivery and success rates, mitigate risk, improve margins, and boost productivity. However, choosing the right PLM provider requires smart teamwork and careful consideration. 

We interviewed our Senior Solution Consultant Dr. Keith Smallwood, who has been on both the client side and the provider side of PLM solutions, to draw out best practices for choosing the PLM solution most likely to deliver the success buyers want to see. Below are six questions buyers can ask to compare solutions and vendors, and pinpoint an ideal fit.

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Topics: Product Lifecycle Management, Food & Beverage, Cosmetics & Personal Care, Specialty Chemicals, Blog

How Millennials Are Driving Food & Beverage Producers to PLM

Posted by Selerant on Nov 25, 2019

When it comes to selling products to millennials, food quality management is an absolute imperative

As the largest segment of the global labor force, millennials are leading the charge in demanding comprehensive distribution of information. 

According to Selerant COO Sunil Thomas, “The level of information that consumers want has changed drastically. It’s not just ingredients on a label, they want to know that the product does not violate their principles or beliefs. If you say that your product is organic or sustainably sourced, can you prove it?”

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Topics: Product Lifecycle Management, Food & Beverage, Blog