Tuesday, September 11, 2012

New Product Development software for Food and CPG industries


According to Stevens, G.A. and Burley:

  • For every 4 projects that enter development, only 1 makes it to the market
  • At launch, at least 1 of 3 products fail despite research and planning
  • An estimated 46% of all resources allocated to product development and commercialization by U.S. firms is spent on products that are cancelled or fail to yield an adequate financial return

Development and launch of new products is a critical activity for CPG industries like Food and Cosmetic. To do this, beCPG offers project management for New Product Development (or New Product Introduction NPI) which relies on several tools:

  • the workflow engine
  • the product repository to manage specifications
  • the formulation to take in account business rules
  • reports to facilitate monitoring of R&D studies
  • collaborative spaces to work in teams on projects

Of course, the NPD management can be customized to best suit your needs.

Workflows


The workflows define:

  • the sequence of the process steps
  • actors
  • alerts, reminders and deadlines

So, they automate milestone between actors. Here is an example of NPD workflow:


Repository


The repository stores information about products and R&D projects by defining technical data:

  • the type of data and constraints
  • forms for User Interface
  • rights
It will reduce repetitive tasks and check data integrity.

Reports to follow R&D studies


Reports and analysis cubes facilitate the monitoring of R&D engineering to determine:
  • where are your projects
  • who works on projects
  • the delayed projects, those in advance

So, you have an overview of your R&D projects.

Collaborative sites


The duration of projects and the growing number of actors require the creation of collaborative workspaces that allow:
  • creating a virtual team for the project
  • sharing project information (planning, documents, reports, emails, etc ...)
  • having a project structure with expected deliverables
  • sharing of content in real time
  • accessing to information from your PC, tablet or smartphone


Sources
1. Stevens, G.A. and Burley, J. - 3,000 Raw Ideas = 1 Commercial Success!, (May/June 1997) Research Technology Management, Vol. 40, #3, pp. 16-27.

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