Food technology company partners with Centric Software to improve R&D efficiency and strengthen supply chains
CAMPBELL, Calif., May 23, 2023 – Centric Software®, the Product Lifecycle Management (PLM) market leader, is pleased to announce its partnership with LIHOO’s, a leading Chinese food technology company. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source and sell products such as apparel, footwear, sporting goods, furniture, home décor, cosmetics, food & beverage and luxury to achieve strategic and operational digital transformation goals.
Founded in 2010, LIHOO’s is headquartered in Tsingtao, China. LIHOO’s is a leading comprehensive high-tech food enterprise integrating R&D, manufacturing and standardization of the whole industrial chain of ultra-large supercritical extraction equipment in China. The company also creates customized food products and has expanded into the prepared food industry, focusing on product refinement and strengthening their supply chain to set industry standards and meet the quality demands of the Chinese food market.
As the company’s customer base has expanded, the requirements for customized products have become more diversified. However, the period from the approval of a new product to its formal production and sale was too long, making it difficult to adapt to a rapidly changing market. Having always invested heavily in R&D, LIHOO’s implemented Centric PLM® to improve R&D efficiency. LIHOO’s recognizes the flexibility of Centric PLM and is confident that Centric’s rich industry experience will drive business development and create a benchmark PLM case in the prepared foods industry.
“Together with Centric, we have built the first PLM project in the prepared dish category in China, and we hope to use PLM to quickly improve the digital capabilities of our enterprises and promote their sustainable development,” says Mr. Pengfei Fan, General Manager of LIHOO’s. “As a food company with both B2B and B2C customers, the main purpose of our new system is to serve customers more efficiently.”
The goal of the PLM project is to support the company’s product-first and customer-first perspective, enabling them to efficiently and accurately achieve continuous product iteration and a more agile supply chain. The project aims to promote collaboration, systematization and standardization to enhance digital R&D by establishing a one-stop data platform.
“We are honored to work with LIHOO’s, a leader in the food technology industry in China,” says Chris Groves, CEO of Centric Software. “Now that LIHOO’s has started to implement Centric PLM, we look forward to working closely with them to drive product innovation and provide their customers with more efficient, intelligent and market-led solutions.”
Learn more about Centric Food and Beverage PLM
Lihoo’s, founded in 2010, is a food technology company headquartered in Tsingtao, China. With a product-centric focus, we operate at an industry-level scale.
As a leading comprehensive high-tech enterprise in China, we lead the development of a complete industry chain of ultra-large supercritical extraction equipment R&D, manufacturing, and standardization of Chinese cuisine.
Centric Software® (www.centricsoftware.com)
From its headquarters in Silicon Valley, Centric Software provides a product concept to launch platform for consumer goods such as fashion, retail, footwear, luxury, outdoor, consumer electronics, cosmetics & personal care and food & beverage. Centric Software’s flagship Product Lifecycle Management (PLM) platform, Centric PLM®, delivers enterprise-class merchandise planning, product development, sourcing, quality and product portfolio optimization innovations specifically for fast-moving consumer industries. Centric Visual Boards™ offer highly visual, touch-screen experiences for collaboration and decision-making. Centric Planning™ is an innovative, cloud-native, augmented-intelligence solution delivering end-to-end retail planning to maximize retail and wholesale business performance. Centric Pricing™, powered by StyleSage™, is an AI-driven market insight platform for data-informed decision-making on pricing and product assortments to maximize revenue and margins. Among many other market-driven innovations, Centric Software is widely known for its connectivity to dozens of other enterprise systems, including ERP, DAM, PIM, e-com and more, in addition to creative tools such as Adobe® Illustrator, a host of 3D CAD connectors and sustainability tools, such as Higg. Centric Software has the highest user adoption rate, customer satisfaction rate and fastest time to value in the industry.
Centric Software is a subsidiary of Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the world leader in 3D design software, 3D digital mock-up and PLM solutions.
Centric Software has received multiple industry awards and recognition, including being named by Red Herring to its Top 100 Global list several times. Centric Software also received five excellence awards from Frost & Sullivan over the past decade.
Centric Software and Centric PLM are registered trademarks of Centric Software, Inc. In the US and other countries. All third-party trademarks are trademarks of their respective owners.