Today’s markets are commoditizing products more quickly than ever, placing increased pressure on innovation processes. A company’s stock performance depends in large part upon the ability to develop and launch a steady stream of innovative new products. But despite best efforts, new product success rates average less than 50%! Therefore, you and many of your peer companies have identified “new product development” or “innovation” as a mission critical priority in the near term.

Fortunately, there is a proven path. Consumer Product companies are realizing that Delivering the Brand™ faster to market with greater success is is only possible through a holistic PLM strategy. See how Procter & Gamble claims 80% success rate.

Siemens PLM Software solutions help consumer product companies be more innovative and deliver the brand during any one of the stages of the brand or throughout the lifecycle. A Siemen's enabled PLM Strategy addresses important requirements including:

• Stage and gate project management
• Portfolio visibility and decision making
• Activity flow from consumer requirements to product specifications
• Activity flow from product specifications through quality control
• Design capability for:
  • Formulated and discrete products
  • Packages and pack copy
  • Process and mechanical manufacturing
• Single-point management of all brand, product and process information
• Bi-directional connectivity with ERP

Explore below to learn how consumer product companies have leveraged our solutions to be more successfully innovative.