Product Lifecycle Management (PLM)

Product Lifecycle Management has shifted from merely enabling improved technical specification, sampling and sourcing management processes to enabling faster innovation and product cycle times, with improved regulatory compliance and reduced costs, according to a new IDC Retail Insights report.

Todays consumer packaged goods companies face extreme demands on innovation and market responsiveness, but they must also quickly navigate a tangled web of product compliance mandates in order to protect profitability. Here, two industry experts share their proven tips for improving the velocity of value creation within your organization.

The integrated applications are expected to provide a more complete solution that supports the business cycle from concept generation and product development and more.

With record sales of $2.7 billion in 2010, Herbalife Ltd. is a fast-growing global nutrition company. But with growth comes complexity. By 2007, the time had come for Herbalife to implement a PLM solution that would establish a single source of the truth for product information.

What will 2012 hold for Brand-Oriented Value Chain manufacturing supply chain organizations? How about intelligent innovation, Big Data dilemmas and social business, to name a few? Find out what other expectations IDC Manufacturing Insights has for consumer goods manufacturers in areas like supply chain, PLM, operations technology, IT, and more.

Tommy Bahama chooses a cloud-hosted solution from PTC to achieve reduced product development cycle time and further grow its global business.