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.

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.