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

3-Step Method to Business Process Re-Engineering for Food Manufacturers (Including Examples)

Posted by Selerant on Aug 20, 2019

This topic first appeared in a presentation from our Director of PPM, Paul Cegles at our 2018 User Conference.

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Topics: PLM, Product Portfolio Management, Blog

How to Set the Right Budget for Your PLM System

Posted by Selerant on Jul 10, 2019

Recently, we spoke with senior management among Selerant users about how they convinced their company leadership to greenlight an enterprise PLM project and software system.

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Topics: PLM, Product Portfolio Management, regulatory compliance, Product Formulation & Recipe Management, Blog