Cosmetics companies automate product development
Formation Systems helps cosmetics firms leverage product development resources for competitive advantage
Formation Systems Inc., the premier provider of integrated Product Lifecycle Management (PLM) solutions for automating new product development and commercialization in process industries, today announced that Christian Dior, and Yves Rocher have chosen Optiva to accelerate their product development processes. In addition, Formation Systems Founder Steve Phelan will address InCos attendees on the use of new technology, including Internet-based systems, to meet the challenges associated with globalization of the cosmetics industry.
"Over 80% of process manufactures have indicated that new product introductions are included on their list of top-three business initiatives. In fact, AMR believes that new product introductions hold the key for growth and survival for these companies," said Roddy Martin, service director, CPG and Lifesciences Manufacturing at AMR Research. "In addition, leading manufacturers are looking to fund new product introductions using savings from continuous improvement and operational excellence programs. Processes high on the automation priority list include R&D, manufacturing operations, contract manufacturing, suppliers, and customer-facing applications."
To meet the increasing demands of a global marketplace and remain competitive, cosmetic industry leaders Christian Dior, and Yves Rocher are leveraging Optiva to accelerate product development lifecycles. Optiva allows these organizations to improve the flow of information among R&D, marketing and manufacturing, improve communications and individual and departmental productivity, enhance customer service and dramatically accelerate time to market of new products, all while maximizing product performance and increasing profit margin.
"As the global competitive landscape evolves in the cosmetics industry, these companies are faced with a number of challenges affecting their ability to increase profits. We've found that our customers are looking for technology solutions that help them create more new products and get them into the manufacturing/distribution channel faster. They are also demanding solutions that can support rapid globalization and localization of their product lines," explained Phelan. "Optiva makes perfect sense for these companies by offering the means to maintain globally consistent rules and policies, yet still match regional regulations and customer preferences."
Optiva Benefits
Optiva provides the tools necessary to streamline what were once extremely time consuming and costly processes in the R&D and manufacturing cycle. Using Optiva, chemists do not spend time searching for old formulas and tests, but instead, leverage a central, global repository, which minimizes search time and increases formula reuse. The Optiva database includes formulas, specifications, raw materials, test results and other relevant data crucial to the development of new products and offers global accessibility by employees involved in the product development lifecycle.
In addition, Optiva offers companies a single, scaleable database and data structure from which new e-commerce initiatives can be launched. The technology provides cosmetics companies with a means for customers to give firsthand product performance feedback and product improvement ideas that are fed directly into the R&D cycle. This feedback can be leveraged to significantly change the way companies interact with business partners and suppliers and help organizations globalize product offerings quickly for both mature and emerging markets.
About Formation Systems
Formation Systems develops Optiva, a suite of product development software for process industries. Formation customers include large global Fortune 500 companies such as The Coca Cola Company, Procter & Gamble, GE Plastics, Akzo Nobel, Kerry Group plc, Gillette, Golden State Foods, RPM and The Valspar Corporation. Formation's software offers customers high return, low risk and quick time to benefit.
For more information:
Formation Systems Inc.
144 Turnpike Road, Suite 310
Southborough, Massachusetts 01772
United States
Phone: 508-303-6200
Fax: 508-303-6250
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