With nearly 50% of new product introductions failing to meet sales targets, optimizing assortments to increase new product introduction success, maintain brand reputation and cultivate consumer loyalty is critical for multicategory, specialty and private label food and beverage retailers and grocery businesses.
Develop an end-to-end digital foundation with Centric PLM to boost agility and meet accelerated marketplace pressures and operational challenges head-on.
Centric PLM’s innovative, out-of-the-box, fast to deploy solutions take food and beverage retail businesses to the next level with a single digital platform to develop and optimize the product offer. Bring more product to more markets faster, centralize collaboration to empower rapid adaptation to consumer trends and increase product margins with streamlined assortment planning, private label development, sourcing and compliance.
Power efficient communication and collaboration
Connect teams to real-time product data from R&D, merchandising, product developers, buyers, legal, compliance and more to streamline communication.
Interact directly with sourcing partners through Centric’s vendor portal to co-develop products, increase sourcing efficiency and lower costs.
Replace scattered spreadsheets, emails and data silos with a real-time single source of truth, transforming collaboration from concept to consumer.
Optimize assortments with unparalleled visibility
Manage branded and private label product mix to optimize assortments, reduce costs and increase sales by channel, region and store.
Centralize merchandise development and product portfolio plans to establish targets early, track in-season progress and identify failing products fast.
Increase efficiency and visibility to reduce time to market and inventory shrinkage, optimize inventory turns and maximize price per square foot.
Supercharge product innovation
Improve private label product development, supply chain flexibility, lead time, on-time delivery, and quality by centralizing all product information.
Easily track new product development progress, facilitate supplier collaboration and remove bottlenecks to speed time to market.
Optimize specialty product development from recipe, composition, nutritional value, label claims, costs, packaging, quality control and more.
Control costs to increase product margins
Increase gross margin by modelling costing and sourcing scenarios to enable dynamic, data-driven decision making.
Track nutritional, cost and other performance targets against multiple recipe and sourcing alternatives for private label products.
Easily calculate costs and product margins including warehousing and delivery of products destined for multiple markets in multiple currencies.
Drive high quality and compliance standards
React to changes in compliance regulation and recalls by tracking all ingredients connected to each product to quickly identify affected products.
Easily track and check ongoing compliance with regulations for branded, private label products, fresh deli and ready-made products.
Link and aggregate compliance requirements according to production regions, suppliers and factories, production processes, ingredients and recipes.
Get closer to consumers
Meet pressures head-on to keep up with consumer demand for more variety and more highly specialized products, faster.
Maintain brand reputation and defend USPs in an accelerated marketplace with greater control of quality, consistency and compliance.
Specialty retailers become more responsive to nurture specialty markets with a smaller customer base and extra performance pressure on each SKU.
Flexible, modular PLM with the most intuitive user interface in the industry. Packed with market-driven innovations to optimize the entire retail product offer. Provides a real-time ‘single source of the truth’ for product-related data, connecting teams across the entire product lifecycle.
Streamline end-to-end data management and collaboration. Centric PLM integrates easily with enterprise solutions such as ERP, PIM, DAM, e-commerce, formulation, demand planning, leading 2D and 3D CAD design platforms and more.
Easily track and implement compliance changes and recalls by linking ingredients across products. Connect PLM to compliance databases such as USDA, SR Legacy, CIQUAL or others. Facilitate supplier assessments and quality control using audit templates, mobile applications, and alert settings.
Analyze competitors’ product offerings and capture inspiration for new product introductions. Conduct quality reviews, retail inspections, factory audits and more. Do it all from anywhere with Centric’s PLM-connected mobile apps, enabling teams to work and collaborate on the move.
Integrated workflow management means that flexible workflows can be built to lead users through the product lifecycle with automatic task hand-offs. Work breakdown structure (WBS) dashboards provide a ‘helicopter view’ of products and projects as they move from development to launch.
Centric’s Agile Deployment(SM) methodology delivers rapid implementation with the fastest ROI in the industry. Immediately realize tangible benefits and even deploy remotely. Quick Start packages get lean versions of PLM up and running in days not months to seamlessly respond to market disruption.
Quickly develop, source and update packaging using templates populated with formulation, allergen, nutrition and regulatory data from PLM and connected databases. Connect Adobe® Illustrator and leading 3D CAD solutions like SOLIDWORKS, AutoCAD and many more directly to PLM for seamless packaging design.
SaaS, cloud-based PLM solution for emerging enterprises - no need for an in-house IT team. Free up resources for to expand your business and develop USPs in the competitive food retail market. Adjust PLM to suit your needs and easily move to Centric PLM as your business evolves.