Companies looking for competitive advantage can’t afford the lost opportunities and inefficiency that stems from disjointed data. It’s critical to tie product innovation, development, and commercialization processes together with a platform that provides continuity and connectivity of information, people and processes. In essence, you provide visibility and transparency to single-source ‘digital thread’ data to dissolve the walls between departments and enable the team to innovate with speed and agility.
How can CPG companies drive higher innovation performance and profitability?
Embrace the digital thread.
Companies can no longer afford the inefficiencies and lost market opportunities that come from disjointed product data. The time has come to tie product innovation, development, and commercialization processes together with a holistic platform of solutions that provides continuity and connectivity of information, people, and processes.
The CPG digital thread leverages an integrated platform that addresses:
It’s time for CPG companies to adopt the “digital thread” concept for product development to take innovation – and profits – to the next level.
In the industry today, it’s the more traditional, larger businesses that find themselves playing catch-up with their more light-footed competitors. The fact is that inefficient collaboration and ill-managed product data are drains on agility and speed. Check out the infographic.
If you’re trying to launch products faster, consider these SCARY statistics:
This "How-to Guide: Increase Profitability by Reducing Non-Value Added Work In Engineering” helps you learn how you can improve efficiency and streamline engineering decisions by providing engineers with real time access to their design data. This should give you an advantage against your competitors.
Getting innovation to market faster while controlling internal costs is the pathway to profitable growth. When the departmental silos go away and more innovative ideas can be tested in a shorter time frame, the chances of meeting revenue and profit targets increases significantly. When successful innovation can be tailored quickly for new geographies and launched, then you are moving a very powerful profit lever.
Delivering innovation through digital continuity
Some industry players are looking to digitally transform their businesses and improve collaboration. To extend the innovation ecosystem, product lifecycle management (PLM) alone is no longer sufficient to bring people together and satisfy the demands of this increasingly complex business environment.
Download the whitepaper 'Innovate Faster for Profitable Growth' to explore how digital continuity and the 3DEXPERIENCE® Platform helps CPG companies move beyond PLM - breaking down organizational boundaries to achieve product innovation.
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