Posts Tagged :

product development

4 Ways Digitizing R&D Drives Better Product Development

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When it comes to making a new product, there are tradeoffs between speed, quality, and innovation.  A successful product development cycle is no small feat, especially in today’s world, where collaboration is critical and consumer demands are increasing. So how do you successfully collaborate with supply chain stakeholders during product development? The answer: strong research…

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Using Specs to Drive Top-line Growth in Food and Beverage

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The Industrial Internet of Things, or Industry 4.0, is poised to revolutionize the food and beverage industry along the entire supply chain. Manufacturers that embrace new technologies, processes, and efficiencies pass along the benefits to upstream and downstream suppliers, partners, and buyers. These benefits can take the form of improved transparency, streamlined communications, and faster…

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Accelerate Product Development with the Right Data Management Solutions

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You can’t rush perfection – or can you?  Creating a new product is never a decision to take lightly. Bringing new products to market requires countless hours of research, development, testing, and marketing, not to mention the associated costs. Companies must be especially calculated when it comes to choosing which new products to pursue.  The…

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supply chain visibility vs. traceability

Supply Chain Visibility Vs. Traceability: What’s the Difference?

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Supply chain visibility and traceability are both essential for improving supply chain functionality. Many companies have limited knowledge about how their supply chain works outside of one or two upstream or downstream layers. By gaining more transparency throughout the supply chain, companies are in a better position to identify inefficiencies, reduce complexities, and improve decision…

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product development

Is Your Next Big Product Hiding in Your Data?

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New product inspiration comes from every angle. Sometimes, you’ll find it in your customer feedback surveys, product ratings, or reviews. Other times, you need to look no further than your sales numbers or your competition. One thing that each of these sources have in common — they’re driven by data.  If you have a great…

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Navigating the “Fuzzy” Front End of Product Innovation

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One of the greatest inhibitors to product development is the inability to capture and track ideas.  Thomas Edison said it himself, “The lightbulb is an invention with 1,000 steps.” During the early stages of product development, Edison tried 1,000 different ideas before finding one that worked.  But this shouldn’t mean it takes 1,000 steps to…

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product development

3 Ways Your Supply Chain Can Impede Product Development

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You’ve got a million-dollar idea. But unfortunately, that isn’t enough to launch a successful product. Now, it’s a matter of determining its viability in the market, and much of your success comes down to how well your supply chain functions. Time to market, costs, and how you respond to shifts in market demand can make…

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specification management

What is Specification Management Software?

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As companies look to digitize supply chains, Specification Management is filling an important gap in enterprise technology  Defining specification management For years, companies managed the data needed to make products in spreadsheets or legacy systems. But growing product portfolios and supply chain complexity made managing and sharing data using outdated methods unsustainable.  Unfortunately, legacy systems…

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Go Beyond PLM and BOM to Specification Data

Go Beyond PLM & BOMs: Why Specifications are Key to Ensuring Quality

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Product Lifecycle Management (PLM) tools have been leveraged by companies in industries ranging from CPG to medical devices for decades. However, their longevity doesn’t mean these solutions aren’t without significant flaws.  PLM was initially designed to address a wide range of issues and factors, with quality being among them. But since PLM solutions aren’t designed…

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Granular Specification Data Can Spur Product Development

4 Ways a Granular View of Specification Data Spurs Product Development

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What’s involved in an effective product development plan? Companies may be surprised to learn that success in this area often has more to do with their people and processes just as much as their technology.  Whether you’re developing a new type of drink, snack, or household gadget, product analytics matter. Intelligent use of data is…

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