Increase the product innovation success rate
It is widely known in the CPG industry that the success rate on product innovation hovers around 50%. Why do many initiatives fail to reach their success metrics? Time and cost. Delays to market can jeapordize sales and mismanaging internal data and estimates can cause costs to spiral out of control.
CPG companies need to increse the success rate on innovation, they need to launch more innovation, and they need to reduce the time to market for each initiative. This means managing internal data better, establishing a platform for collaboration, and implementing a model-first strategy to reduce guesswork that can derail and slow down projects.
Connect people, data, and systems to:
Driving smart product decisions with powerful information
As the pressure from shareholders and competitors rises, it's more important than ever for companies to get innovation 'right the first time'. This means launching projects on time and below cost parameters. In order to do this, decision-makers need to be working with the best information.
The 3DEXPERIENCE® platform is a single integrated environment that enables project teams to collaborate more easily and provides powerful simulation models to drive costs out of product recipes, packaging materials, and logistics approaches. When everyone has immediate access to the right data, decisions get made more easily, projects flow faster and success rates increase.