Plm growth scheme in FMCG
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PLM (product lifecycle management) is a key element in business success. A study has shown that an effective management tool considerably helps business to not only better manage their product portfolio but also their global strategy. Having a single data repository and using it the right way helps top performing companies to improve growth and margins. The infographic below explains the advantages of setting up a single data repository to better manage products ranges. To learn more about product information management, visit http://www.lascom.com/en/ics-product-features/ics-product-features.html
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- 1. Share Access Control Input, maintain, update & control data / documents / products Share product knowledge with internal & external participants Quickly find access & use information • Create new products • Manage existing products • Attach related documentation • Manage links between raw materials and products • Manage versions • Manage ECO process • Trace modifications and approvals • Find accurate information quickly • Reduce administrative tasks /rekeying / errors • Adapted interface for each job concern • Easy customizable interfaces • Provide a single version of the truth • Ensure internal department to have the accurate data they need • Ability to manage alerts and efficiently manage processes • Allow external participants (suppliers, clients) to access the repository