Starting down the path of implementing PLM solutions may at first seem like a daunting task, but your opinion may change after speaking with one of our sales specialists.
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The challenge faced by consumer products companies is to increase the value of their products for their consumers. Unfortunately, the low hanging fruit has been picked and there are no silver bullets. The easy and obvious answers were employed over the previous decades and have been commoditized. Those CP companies who would be successful today and into the future now realize that they must employ entirely new methods to increase the number of satisfiers and reduce the number of dissatisfiers that their products bring to the consumer. And they must do this faster and at a lower cost than their competitors.
Cutting costs is not the answer. Working harder is not the answer. Neither ERP nor SCM are designed to lift the top line. And CRM will not lift it nearly enough.
In response to these and other pressures, increasing numbers of consumer products companies are looking beyond their four walls. They are seeking to follow the lead of their toughest competitors into the world of Global Innovation Networks. And like the leaders before them, they will need to embrace PLM technology to power their progress. Best in class innovative companies are four times more likely to have PLM-related technologies than their poorer performing competitors. [AberdeenGroup, The CPG Innovation Agenda, 12/05]. Consumer products companies who have executed a corporate PLM strategy have achieved reductions in time to market by over 50 percent while improving productivity by 50% and significantly reducing research, development, and materials costs. And if that isn’t enough, these companies often find that they can drive twice as many innovations through their pipeline as they could previously.
