Centric Software launches next generation of food and beverage PLM

Centric Software, a Product Lifecycle Management (PLM) market leader, has launched PLM solutions specifically for the food and beverage industry.

Centric Software provides innovative enterprise solutions to plan, design, develop, source and sell products such as apparel, footwear, sporting goods, furniture, home, health and beauty, luxury and now food and beverage to achieve strategic and operational digital transformation goals.

Partnering with over 450 brands, retailers and manufacturers across more than 30 countries and combining Silicon Valley innovations with market-driven best practices, Centric Software has successfully expanded across multiple industries.

Boasting a 99 per cent customer retention rate, Centric is now bringing PLM innovations and its proven speed, ease of use and Agile Deployment methodology to the food and beverage industry.

Centric’s flagship platform, Centric PLM, is packed with industry-led technologies to boost new product development (NPD), accelerate time to market, optimise product assortments, reduce Cost of Goods Sold (COGS) and facilitate private label development and supplier co-creation while respecting quality and compliance requirements.

Centric Food and Beverage PLM brings the power, maturity and agility of the Centric Platform combined with built-in industry-driven product concept to consumer innovations,” said Ron Watson, VP of product at Centric Software.

“Such as product portfolio management (PPM), end-to-end (CAD neutral) 3D and social (Slack, Teams & other) PLM workflows, a vendor collaboration portal for sourcing and supplier co-creation, calendar management, integration with other business systems (ERP, e-commerce, etc.), and much more.

“In addition, we have also developed innovations that are specific to the needs of the food and beverage industry including formulation management, packaging development, artwork proofing, labeling and open API connections to nutritional databases such as USDA and CIQUAL.”

“Centric’s move into the food and beverage market is a natural evolution for a company that always pushes its industry expertise of PLM,” said Predrag Jakovljevic, principal analyst, Enterprise Applications at worldwide advisory firm, Technology Evaluation Centers (TEC).

“In recent years, we have seen Centric successfully move from fashion and consumer goods into industries as diverse as furniture, cosmetics and multicategory retail, always with deep vertical-specific expertise. Centric’s solutions are consistently powerful, highly configurable, and capable of managing multiple product categories within the same platform.

“We observe that Centric brings a wealth of expertise from successful PLM deployments to the food and beverage arena, along with a full suite of intuitive web-based PLM solutions, mobile apps, and industry-first innovations such as PLM-connected digital boards for visual team collaboration.”

Wicked Foods, a leading American mission-led, plant-based food company, selected Centric PLM as their digital transformation partner. Undergoing a thorough selection process, Centric fit operationally, strategically, and culturally and the Centric team had the right balance of experience, flexibility, and expertise for their needs.

“As a brand with a global footprint working with some of the world’s most technically and logistically advanced retailers, we need an infrastructure we can trust to manage the complexity in our business,” said Paul White, COO at Wicked Foods.

“Launching dozens of products in different countries simultaneously with unique ingredient and labelling requirements, different retailer timelines and central distribution models and numerous supply chain and compliance standards requires a world-class solution like Centric PLM.”

Chinese condiments company SNS Food recently selected Centric PLM for a digital transformation project to replace many different and disconnected systems, enabling a centralised and simplified data flow centered around products.

“Joining forces with Centric, we are establishing integrated product databases that include raw materials, formulas, regulations, materials and packaging, as well as achieving standardisation and digitalisation for innovation initiatives,” said Zhang Min, CEO of SNS Food.

“We expect to enhance competitiveness with quick and sensible market judgments. A good product and business model means long-standing competitiveness, even in a pandemic.”

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