How a Modern Product Development Process Creates a Stronger, Leaner Business

Posted by Jacopo Colombo on Jun 8, 2020

Modern product development processes differ from firm to firm, but each follows the same basic outline and shares similar characteristics. Above all, what distinguishes the old methods from modern product development processes is the introduction of a single source of truth via digital transformation.

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Topics: Product Lifecycle Management, Product Portfolio Management, Supplier Relationship Management, Product Formulation & Recipe Management, Blog

Responding to Change in Consumer Behavior: 3 Ways PLM Can Help

Posted by Jacopo Colombo on May 19, 2020

Breadmaker sales quadruple. Ketchup flies off the shelves as more and more children eat their lunches at home. Hand sanitizer disappears.

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

Innovating during crises: how companies leap forward during times of adversity

Posted by Jacopo Colombo on May 12, 2020

The transformer, the steam turbine, and incandescent light were all created during the Long Depression in the late 19th  century. The photocopier, electric razor, and supermarkets were products of the Great Depression. Google (arguably) rose to prominence from the ashes of the dot com bubble—right around the time Steve Jobs was busy resurrecting Apple with innovations that have since changed the world.

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

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