South Korean cosmetics innovator chooses PLM as it gears towards becoming a global R&D leader and cosmetics hub
CAMPBELL, Calif., March 2, 2023 – Centric Software®, the Product Lifecycle Management (PLM) market leader, proudly announces its partnership with Cosmecca Korea Co Ltd., an industry leader in research & development (R&D) and manufacturing of skincare products based in South Korea. 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, consumer electronics, cosmetics, food & beverage and luxury to achieve strategic and operational digital transformation goals.
Cosmecca Korea believes in creating a beautiful life for everyone through its cosmetics original equipment manufacturer (OEM) /original design manufacturer (ODM) services for its global clients based on innovative and competitive R&D. With the goal of becoming a leader in the global beauty industry, Cosmecca Korea expanded its production in South Korea, China and the United States where it acquired Englewood Lab, headquartered in New Jersey. The company is known for being the first in South Korea to develop triple-functional BB cream.
Recognizing stiff competition and the importance of being first and best to market, Cosmecca Korea wanted a solution to create a competitive advantage and reduce its new product development lead time. Despite having enterprise resource planning as well as raw material and regulatory management systems in place, the company struggled to unify and track product development information and streamline communication due to manual processes and the lack of a single platform as a point of reference. As such, they decided to utilize PLM to reconcile existing systems and processes.
Cosmecca Korea’s representative, a senior manager of the PLM project shares, “We evaluated three PLM providers based on four factors: the solution, product scope, cost and implementation experience. Finally, Centric stood out with their expertise in implementing PLM solutions for cosmetics manufacturing companies.”
Given the powerful capabilities of Centric PLM®, Cosmecca Korea is set to increase competitiveness and client satisfaction by accelerating time to market and providing transparency with progress reports. In addition, Cosmecca Korea will use Centric PLM to further streamline global compliance and monitor regulations across its product portfolio, improve visibility with flexible project management, simplify product formulation and packaging development with partners and easily compare suppliers’ quotes, among many other benefits.
“After the implementation in our South Korea R&D center, we plan to implement Centric PLM in China and with our US subsidiaries as well to improve the development capabilities in all of our company’s laboratories,” says the representative from Cosmecca Korea.
Chris Groves, President and CEO of Centric Software couldn’t be more delighted about this collaboration. He says, “We respect innovators and pioneers in all industries and always find it a welcome challenge to play a bigger part in empowering them to go further. This is what our partnership with Cosmecca Korea is all about and we are excited about the future innovations this partnership will produce.”
Learn more about Centric PLM.
Cosmecca Korea (http://www.cosmecca.com/)
Since established in 1999, Cosmecca Korea is the leading expert in cosmetic research and development, as well as in production and manufacturing, due to our unrelenting innovative spirit and our globally recognized research capacity and high quality standards. Our bestsellers of Cosmeceutical, Hair loss, Triple-function BB cream, Tone-up, Anti-Pollution, and Zeta potentials products are leading the global beauty industry by inspiring creativity. Currently, it operates Chinese and American subsidiaries, has an annual production capacity of 826 million units based on its global network, and has grown as reliable partner for our global clients, based on our cutting-edge systems and technology.
Centric Software® (http://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.