Consumer goods, food and beverage, and retail companies are facing greater challenges than ever before, striving to deliver sales and profit goals in a post-recession marketplace driven by a new consumer reality. The demand for the industry to innovate is greater than ever. At the same time, the slow recovery and tighter research and development budgets will challenge the ability of businesses to adapt to the post-recession consumer.
This white paper discusses current industry challenges, the urgent need for traceability, the price of no visibility into the supply chain, and how product lifecycle management (PLM) solutions can drive innovation and growth. Readers will also learn how PLM Vivo, a rapid implementation methodology designed to reduce implementation time and cost by 66%, provides a low-risk solution to achieving PLM benefits quickly and cost effectively.