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

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

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

How to Use Your PLM System to Facilitate a Full Quality Management Program

Posted by Selerant on May 9, 2019

At food and beverage brands, Quality groups and Product Development teams have traditionally managed two separate but interconnected work streams for ensuring product integrity.

In our previous post, we outlined why using only a QMS system to manage all of the aspects of product quality actually makes it more difficult and less cost-effective for both groups to track both real-time and historical quality benchmarks

On both a functional and strategic level, Product Lifecycle Management (PLM) systems can consolidate and integrate most, if not all, of the quality management aspects of product development in real-time.

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Topics: Product Lifecycle Management, PLM, Supplier Relationship Management, food and beverage, Product Formulation & Recipe Management, Specialty Chemicals, Blog

How to Take Data Governance from a Siloed Approach to a Systematic Process

Posted by Jenna Fu on Dec 18, 2018

 

From getting products to market and registered in multiple countries, to translating innovation requests into product launches and juggling the global costs of goods in a complex portfolio, process-based manufacturers aren’t just dealing with more data--they’re dealing with the need to have deeper connectivity between data systems. Implementing a comprehensive data governance plan across these initiatives can quickly turn into a trip to uncharted waters.

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Topics: Food & Beverage, Product Formulation & Recipe Management, Cosmetics & Personal Care, Product Data Management, Specialty Chemicals