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Achieving proficiency to market with MatrixOne solutions
The bottom line in the Consumer Products industry is that companies need to deliver the right high quality products to market, at the right time and at the right price while maintaining profit margins.
Consumer product leaders such as Merloni Elettrodomestici, Procter & Gamble and Trek are using MatrixOne solutions to:
- Develop new products
- Extend existing products
- Bringing on new organizations to expand a product portfolio
- Introduce products into new markets
But how have Consumer Product companies accomplished this in today's demanding, highly competitive global marketplace when they have limited process visibility, information in multiple systems, and few work processes that span the enterprise?
To be proficient to market, Consumer Product companies must implement proven work processes and information technology (IT) to:
- Feed the pipeline with new ideas
- Keep up with constantly changing consumer preferences
- Define new concepts efficiently
- Design, develop and test new products quickly
- Design packaging with high consumer appeal
- Determine product and manufacturing processes and costs
- Eliminate ideas that are not going to meet market need or cost market position
- Source direct materials and manage suppliers
- Move products that have a high probability of success into volume production
- Ready distribution, support and marketing for volume sales
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