December 1st, 2023

Centric PLM for Food & Beverage and Grocery Has Strong Market Adoption

Centric PLM for Food Producers, Brands and Retailers Proving Key to Strategic Transformation

CAMPBELL, Calif., December 4, 2023 – Centric Software® is pleased to announce that Centric PLM™ for Food & Beverage and Grocery is experiencing strong market adoption and value expansion. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, buy, price, sell and replenish products such as multi-category retail, grocery, food & beverage, cosmetics & personal care to achieve strategic and operational digital transformation goals.

Centric’s seamless concept-to-replenishment solution provides compelling ROI to the food and multi-category retail industry, such as grocery, by reducing time to market, optimizing costs and also improving compliance, traceability and sustainability. Teams including R&D, marketing, quality, regulatory affairs, nutrition, quality, procurement, packaging, finance, assortment planning and more leverage Centric solutions to boost product innovation, speed time to market and get closer to consumers.

Since PLM market leader Centric Software entered this vertical about 3 years ago, hundreds of market-driven enhancements, innovations and best practices have been incorporated into Centric PLM and Centric Visual Boards™.

Today, over 50 food, beverage, cosmetics and personal care producers, brands and retailers—from multi-billion-dollar organizations to vegan food startups—have selected Centric solutions to strengthen their market position and streamline commercialization. Ferrero, Land O’ Lakes, ALDI SOUTH, Carrefour, SNS, Aviko, Ajinomoto, SPC, Guangzhou Restaurant and Great Kitchens are just some of the names that have placed their trust in Centric Software.

Centric has also developed partnerships and integrations with platforms used by the industry such as Adobe for packaging and artwork approvals; 80+ ERPs; Genesis Food R&D program; general business programs like Teams, Slack, Microsoft Office to boost communication and collaboration; USDA Food Data Central which gives access to 300,000 foods; integrations to GDSN and more. One of the latest partnerships is with FoodChain ID, seamlessly connecting users to 220 food and chemical regulatory libraries and databases from all over the world.

Transforming the go-to-market process for multi-category retail, Centric Visual Boards acts as a visual pivot table that pulls information from multiple business systems and renders data actionable. Retailers and brands leverage Centric Visual Boards for category range management to drive international collaboration and create customer-focused assortments while meeting compliance requirements, sustainability and quality goals.

Third-party acknowledgement has already come in the form of industry accolades. Centric Software has been named a triple winner of the Just Food Excellence Awards 2023 in the categories of: Innovation, Business Expansion and Product Launches.

CEO of Centric Software, Chris Groves says, “We are thrilled and gratified that our entry into this vertical has taken off so quickly. Successful companies have chosen our solutions over more established—but perhaps less innovative—players. Our consumer goods focus, modern software and agile approach to end-to-end product go-to-market have surprised and won over producers, brands and retailers in the food & beverage space due to Centric PLM’s configurability, remarkable functionality and ease-of-use.”

Learn more about Centric PLM for Food & Beverage.

See Centric solutions for Food & Beverage in action at NRF 2024, Booth #6257.

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Centric Software® (centricsoftware.com)

From its headquarters in Silicon Valley, Centric Software provides the market-leading AI-enabled product lifecycle management platform for food & beverage manufacturers, grocery, brands and multi-category retailers. As experts in all fast-moving consumer goods, Centric Software delivers best-of-breed solutions to design, develop, source, comply, buy, make, package, assort, market and sell products. Centric Software solutions optimize the product portfolio, harmonize product offers and streamline product development by speeding time to market and innovation while enhancing quality control and ensuring regulatory compliance.

Centric PLM™ features integrated industry best practices and innovative, AI-enabled capabilities tailored specifically for food and beverage manufacturers, retailers and food service providers. Seamlessly manage the overall product lifecycle, from initial concept and formula development to packaging, quality, supplier collaboration, nutritional labeling, production, SKU rationalization and beyond. Results include up to a 50% improvement in productivity and a 60% decrease in time to market.
Centric Visual Boards™ are a visually oriented product portfolio optimization tool. A singular accessible workspace pulls in real-time data and imagery from multiple business systems. It is a new, visual way of working to ensure robust, consumer-right product offers, dramatically decreasing assortment development cycle time.
Centric PXM™ AI-powered Product Experience Management encompasses PIM, DAM, content syndication and Digital Shelf Analytics (DSA) to optimize the product commercialization lifecycle resulting in a transformed brand experience. Increase sales channels, boost sell through and drive margins.

Centric Software’s market-driven solutions have the highest user adoption rate, customer satisfaction rate and fastest time to value in the industry. Centric Software has received multiple industry awards and recognition, appearing regularly in world-leading analyst reports and research.