{"id":7513,"date":"2019-07-16T09:45:37","date_gmt":"2019-07-16T07:45:37","guid":{"rendered":"https:\/\/www.specpage.com\/?p=7513"},"modified":"2019-09-16T11:28:32","modified_gmt":"2019-09-16T09:28:32","slug":"digitizing-boost-productivity-profitability","status":"publish","type":"post","link":"https:\/\/www.specpage.com\/digitizing-boost-productivity-profitability\/","title":{"rendered":"Digitizing to boost productivity and profitability"},"content":{"rendered":"

Savvy food and beverage manufacturers know that our industry is constantly reinventing itself. More than 30,000 new products are introduced by food and beverage producers every year. According to the USDA<\/a>, the new products are primarily snacks, bakery foods, sauces, dressing and condiments.<\/p>\n

The greatest challenge for manufacturers is to shift quickly to meet consumer demands<\/a> \u2013 while decreasing costs, adding value and empowering enterprise-wide innovation.<\/p>\n

It can be difficult to maintain speed, flexibility, quality and innovation while keeping an eye on bottom line costs and net profitability…so many, if not most of these product will fail.<\/p>\n

In order to meet the demands of the market \u2013 sourcing and ingredient cost fluctuations, ever-changing regulatory compliance<\/a>, fickle consumer requests \u2013 manufactures must be agile, have a strong R&D team and a plethora of variations, recipe twins, and reformulation options.<\/p>\n

This is a tall order, and achievable only by digitizing and optimizing data to unleash both innovation and productivity.<\/p>\n

The Millennial factor<\/h2>\n

Corporate identity and integrity have come under tremendous scrutiny from Millennials<\/a>. They want the same features and benefits as previous generations \u2013 but they also demand ethical sourcing for all ingredients<\/a>, ethical treatment for animals, environmentally conscience manufacturing processes that encourage Eco-sustainability, adherence to best practices for child labor, and organic\/nonGMO products in biodegradable packaging.<\/p>\n

In order for products to jump from grocery store shelf to consumer shopping cart, manufacturers must juggle ideas, research, product development, packaging, distribution and global regulatory compliance \u2013 all while innovating and giving these finicky customers what they want to eat \u2013 faster than ever before.<\/p>\n

Scale and complexity<\/h2>\n

Digitization<\/a> automates and revolutionizes processes, improves analytics and the vital reports that drive crucial growth and directional decisions.
\nDigital product data management (PDM) and product lifecycle management (PLM) deliver authentic transparency and traceability, and reduce time, effort and reformulation due to human error.<\/p>\n

But many manufacturers have resisted on premise PLM<\/a> process solutions because of the upfront cost and scalability challenges. Cloud-based software<\/a> offers exceptional benefits for a small fraction of the initial outlay – and the tangible return is substantial.<\/p>\n

Digitization unlocks data to optimize the product lifecycle process. It has been proven to be the single most essential tool to decrease cost and increase revenue for food manufacturers. The reasons are simple:<\/strong><\/p>\n