Benefits of Industry Specific PLM in the Food & Beverages Sector
June 14, 2022
The need for Industry Specific PLM in the food & beverage industry is an important one. The food and beverage industry is always in need of new product development. Launching new products and upgrading the standard of existing ones is what is needed to maintain its position in the market. However, as simple as these things look, it’s a tough nut to crack.
Food & beverage companies are faced with many ongoing challenges that threaten their ability to compete. Furthermore, this leaves them ill-equipped to fight the battles on many different fronts. Fortunately, PLM(Product Lifecycle Management) is there to combat all these challenges.
PLM enables companies to accelerate innovation, increase profit revenues from products by upgrading their standards, enhance their supply network, ensure product and supplier compliance, and achieve a preferential position with customers.
Now, we can discuss the plethora of features that a universal PLM would provide to its customers and the features of industry-specific PLM for food and beverage.
Also Read: “The Necessity of a PLM System in 2022”
Features of Generic PLM
A key feature of PLM includes access to a centralized database system, which everyone can access from any place. This centralized system facilitates the to and fro movement of data and ensures better communication between different departments in an organization which results in a better product within a less period. This is the main reason, why companies are intending toward this software, however, one can’t undermine the other important features it provides like:
- Product portfolio management enables users to look at all a company’s product development opportunities, determining which are the greatest potential products in terms of revenue or margin, and reprioritizing resources based on what consumers want.
- Workflow or process engines enable different teams across different regions to collaborate easily and work on a single product
- Change Management provides a free hand to users to build several formulas and recipes and understand their implications
- Supplier Management enables companies to build best-in-the-class supply networks, it provides a robust framework to manage all the suppliers.
- Reporting tools read a large amount of information and process them into a short summarized work to provide a complete understanding of it.
These are the benefits that come with all of the PLM software. Some PLM systems focus on industry-specific like food and beverage, discreet, etc. So they provide features according to the domain of that industry. Here we are going to discuss the features of PLMs which work in the food and beverage industries.
Key Features of PLM in the Food and Beverage Domain
Features of industry-specific PLM differ from industry to industry. A PLM software that works for process manufacturers can’t be used in discreet manufacturing units. Let’s focus on their features.
Tracking is one of the most important elements in industries nowadays. With so much of product discrepancies leading to the recall of products, tracking has been the most powerful solution to track down the point where the mistake occurs. By using this feature, the manufacturer gets to know what is the weakest link in their system and where they need to improve it. So you need to have complete bidirectional visibility backward and forward along the supply chain to maintain the safety of the product.
Traceability also enables the user to know who made changes in the data along with the correct date and time range. This facilitates an accountable environment in your organization at the time of contamination.
Releasing compliance-abiding products into the market is another great challenge faced by the process companies. The disconnect between compliance management and quality leads to rework and recall of products. Which further increases time to market and expenses.
PLM enables companies to guarantee product and supplier compliance. There is a structure and discipline provided by PLM systems. This ensures quality, safety, and compliance throughout the product development process and the supply chain. From raw materials to finished products. PLM supports compliance with regulations about a company’s process of doing business, regulations about the product itself such as package and product labeling, and safety and environmental requirements.
These are the key features that process industries should look for while investing in PLM. KloudPLM provides you with both traceability and compliance management to ensure the safety of your product. Additionally, it helps to create an accountable environment within the organization. It provides you with a well-connected modular structure with several efficient modules and features needed in the domain of the food and beverage industries.
Consider using KloudPLM to elevate your existing products. KloudPLM also delivers new products in less time and smoothens the entire product lifecycle management strategies of products. Schedule a demo today.