Managing a Global Product Pricing Process with PLM: An Interview with Selerant COO Sunil Thomas

Posted by Selerant on Aug 12, 2019

Recently, we sat down with Sunil Thomas, Selerant COO, to discuss the major challenges food manufacturers face in managing product costing. In our previous post, he discussed how brands can use a global formulation strategy to achieve economies of scale and quickly and costly-effectively implement product changes in response to commodity prices and market demand.

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Topics: PLM, Food & Beverage, Product Formulation & Recipe Management, Product Data Management

Taking a Global Approach to Food Product Pricing: An Interview with Selerant COO Sunil Thomas

Posted by Selerant on Aug 5, 2019

To compete on price in the global marketplace, food manufacturers must track a huge array of cost factors across the product development steps, across markets, and across the supply chain. As brands further globalize their product lines, managing pricing decisions as part of a comprehensive enterprise strategy has become a critical need across departments.

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Topics: PLM, Food & Beverage, Product Data Management

Standardizing Internal Knowledge Sharing for Faster Product Globalization

Posted by Selerant on Apr 26, 2019

For food and beverage manufacturers, developing a brand once followed a predictable path. A local or regional brand would be distributed on a small scale and then, those product lines would be slowly globalized across new regions and markets.

Today, manufacturers don't need to wait for this kind of brand maturity model to launch products at mass scale. The rapid availability of goods internationally, combined with online selling, means that brands can launch new products globally from the very start.

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Topics: Product Lifecycle Management, PLM, Product Portfolio Management, Specification Management, Supplier Relationship Management, food and beverage, regulatory compliance, Product Formulation & Recipe Management, Product Data Management, Blog

Why Quality Management Software Might Actually Be Limiting Your Product Quality Assessments

Posted by Michael Frankel on Apr 23, 2019

For Quality Managers involved in the product development process, tracking and enforcing quality data across multiple manufacturing plants, dozens of brands and subsidiaries, hundreds of suppliers, and thousands of formulas is a formidable task.

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Topics: Product Lifecycle Management, PLM, Product Data Management, Blog

3 Ways Manufacturers Implement Flexible Data Management to Keep Up with Product Digitalization Trends

Posted by Selerant on Apr 11, 2019

 

From scanning item barcodes on their phone to automatically seeing suggested items in online shopping cards, today’s consumers want engaging, personalized digital experiences that offer on-demand product insight from food and beverage brands. In fact, a study from consulting firm RSM found that companies with digitally-transformed operations saw 18% higher gross margins than their competitors.

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Topics: Product Lifecycle Management, PLM, food and beverage, Product Formulation & Recipe Management, Product Data Management, Blog

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