By Christine Dominski, ICCG Senior Business Consultant
Do you find yourself searching for Information through multiple Excel files? How about Teams or SharePoint sites? Do you struggle with managing approvals or reviews?
Maybe it is time for a Product Life Cycle Management System (PLM).
Product Lifecycle Management (PLM) is the process by which Research and Development innovate new products and manage quality throughout the product lifecycle to ensure the highest level of consumer satisfaction and shareholder value.
PLM systems wrap around Business Strategies and Product Portfolios to help coordinate information and collaboration across an organization. The process of generating product ideas, all the way to product retirement, can be managed in a PLM system. Manage Suppliers, Items (ingredients), Formulas (recipes), Label and Project information, all in one place. Record approvals at every step of the way to provide audit trails.
Product Lifecycle Management affords the peace of mind that all data is managed and reported as required by your organization. A PLM system allows you to control User access to the information as needed for your business success. Integration with ERP systems and a data lake are available. Use the data lake to feed E-Commerce initiates or other internal systems used for reporting.
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Topics: Food & Beverage, PLM, Infor Optiva, CloudSuite Food & Beverage, CloudSuite PLM, Infor PLM, Infor Partner, R&D, Food & Beverage PLM, Infor PLM for Process
By Christine Dominski, ICCG Senior Business Consultant
Have you ever wondered if a Product Lifecycle Management (PLM) system is right for your business? Is the Business Value unclear? No matter the size of your business, a Product Lifecycle Management system can provide insights and discipline to a Company's process. Let’s provide clarity on the business value.
Standardize Business Processes – By understanding what makes your business tick, you can standardize the processes in a system to maximize efficiency. Once you maximize efficiency, you can realize a quicker time to market with new approval processes tailored to your needs.
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Topics: Food & Beverage, PLM, Infor Optiva, CloudSuite Food & Beverage, CloudSuite PLM, Infor PLM, Infor Partner, R&D, Food & Beverage PLM, Infor PLM for Process
Are you struggling to choose the right ERP software solution for your business? At ICCG, we know that selecting the right ERP system can make all the difference in the success of your business operations. When evaluating ERP solutions for the food and beverage industry, it is essential to consider key selection criteria such as:
- Ease of use: A user-friendly ERP system can help you increase productivity, reduce training costs, and improve user adoption rates. Look for an ERP solution with an intuitive interface, customizable dashboards, and role-based access controls.
- System customization capabilities: Every business has unique requirements, and it is essential to select an ERP system that can be customized to meet your specific needs. Look for an ERP solution with a flexible architecture, open APIs, and a robust third-party ecosystem.
- Data security features: Protecting your sensitive business data is critical, especially in the food and beverage industry, where data breaches can result in severe reputational damage. Look for an ERP solution with robust data security features, including encryption, access controls, and regular data backups.
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Topics: ERP, Food & Beverage, Infor M3, Enterprise Resource Planning, Infor M3 ERP, ERPSelection, MidMarket, ICCG
Just as companies must transform to meet today’s challenges, the software vendors they rely on must also mutate their products to become a better fit for the next generation of organizations. And that’s happening with ERP. From my perspective, here are the seven ways ERP is evolving, along with my tips for selecting an ERP vendor.
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Topics: Manufacturing, Food & Beverage, Small Business, Big Data, Food Technology, CloudSuite Food & Beverage, Cloudsuite Fashion & Apparel, Infor CloudSuite Fashion PLM, Security & Compliance, data security
The role of the CFO has changed dramatically over recent times and will continue to do so. The modern CFO is now emerging as a key enabler in creating a more ‘dynamic’ finance function that can react to ever changing demands from both internal stakeholders and external customer, suppliers and partners. In addition to the traditional responsibility of ‘managing the finances’ of the organisation, the CFO is now increasingly engaged with activities such as strategy formulation and business transformation projects.
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Topics: Manufacturing, Food & Beverage, Small Business, Big Data, Food Technology, CloudSuite Food & Beverage, Cloudsuite Fashion & Apparel, Infor CloudSuite Fashion PLM, Security & Compliance, data security
Business transformation projects are increasingly being undertaken to facilitate growth, reduce costs and increase competitiveness in a harsh global marketplace where only the organisations who continually evolve and innovate prosper. The finance function is not immune to this transformation process and can play a key role in its development and adoption.
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Topics: Manufacturing, Food & Beverage, Small Business, Big Data, Food Technology, CloudSuite Food & Beverage, Cloudsuite Fashion & Apparel, Infor CloudSuite Fashion PLM, Security & Compliance, data security
Chief Financial Officers need to play a leading role to ensure data security within an organisation. Potential threats are proliferating and the financial impact of a breach of data security can be substantial. Consider how your turnover and profitability would be impacted due to a data security breach which could potentially hold your organisation to ransom or prevent users from performing their day to day activities.
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Topics: Manufacturing, Food & Beverage, Small Business, Big Data, Food Technology, CloudSuite Food & Beverage, Cloudsuite Fashion & Apparel, Infor CloudSuite Fashion PLM, Security & Compliance, data security
At a recent Footwear Workshop organized by the American Apparel & Footwear Association (AAFA), industry leaders and experts discussed key themes and supply chain challenges in the footwear market. At this event, industry leaders highlighted the need for brands to address multiple challenges like supply chain visibility, traceability, compliance, and sustainability. Here are some other key themes:
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Topics: Manufacturing, Food & Beverage, Small Business, Food Technology, CloudSuite Food & Beverage, Cloudsuite Fashion & Apparel, Infor CloudSuite Fashion PLM
The food and beverage industry is undergoing fundamental changes in how consumers buy and what they want to know about the products. At the same time, the industry faces an increased focus on healthy eating by consumers, companies, and governments. Adding to this is a rapidly changing competitive environment with a proliferation of new channels, producers, and products that compete with established brands and outlets.
If these challenges weren’t already enough, today’s companies are also facing unprecedented changes that stress innovation, business model evolution, and supply chain agility. Having the right products with the right content and characteristics, and the right information clearly displayed is necessary. But even all that isn’t enough to guarantee success. The products must also be positioned in the right places at the right time for customers to be able to buy—and that’s the job of the supply chain.
To keep up with all of this, an effective food and beverage supply chain must be fully in sync with the consumer through technology-enabled sensing to satisfy multiple channels with seamless visibility and fulfillment.
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Topics: ERP, Food & Beverage, Supply Chain, Food Technology, CloudSuite Food & Beverage, Infor M3 ERP, Enterprise Software, WMS, Supply Chain Management
Behind all the glitz and glamour fashion brands still have a business to run. It’s clear that in 2023 the back-office and supply chain is in the spotlight when it comes to delivering new and improved customer experiences and meeting expectations around sustainability and product provenance.
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Topics: Manufacturing, Food & Beverage, Small Business, Food Technology, CloudSuite Food & Beverage, Cloudsuite Fashion & Apparel, Infor CloudSuite Fashion PLM