Get a Leg Up: Let AI-Powered PLM Reveal Secrets You Need to Succeed
Artificial intelligence-powered PLM can make accurate projections about planning new products, introducing them to the market and looking at all the factors a processor might miss in execution.
Say the words “product lifecycle management,” and the first thing that probably comes to mind is knowing everything about your product—from its inception, its design/recipe, ingredients, flavor, nutritional benefits, market and competition, capacity availability, packaging, suppliers, distributors, market demand, food safety aspects, quality—to name a few. And product lifecycle management (PLM) software helps processors manage many of these variables and make informed decisions on procuring supplies, manufacturing and distributing product and knowing what real-world conditions could potentially wreak havoc in the marketplace.
Traditionally, PLM has been another tool often used in conjunction with ERP, manufacturing execution systems (MES) and inventory systems to better coordinate product design, planning and production, and shipping. Today AI and ML (machine learning) have boosted the power of PLM, MES and ERP systems.