What is PLM?

What is PLM (Product Lifecycle Management)?
Product Lifecycle Management also known more commonly as PLM, is the strategic process of managing a product’s lifecycle from ideation, development to sales and even end of life. PLM drives an eco-friendly and ethical business model, streamlining production, reducing errors and empowering effective team collaboration, ultimately saving time and money; a strategy that’s vital for all consumer goods companies around the world.
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About Us
Silicon Valley-based Centric Software® provides an innovative product concept to replenishment platform for producers, brands and retailers of all sizes in the food & beverage industry, food service and grocery retail sectors. Centric Software works closely with customers to achieve more efficient project management and safer product development, execute a competitive retail and product strategy, increase agility, speed time to market and get closer to consumers, resulting in maximized revenues and margins.
All solutions are highly configurable and built hand-in-hand with market-leading companies:
-Centric PLM™ streamlines product development, procurement, formulation, specification management, regulatory compliance, nutrition labeling, quality assurance, packaging & artwork proofing, sustainability and product portfolio management.
-Centric Visual Boards™ improves team collaboration and optimizes range category management to get closer to consumers, be more competitive.
-Centric Planning™ delivers best-in-class, easy-to-use and visually driven financial, merchandise and product portfolio planning as well as store & vendor forecasting for seamless and fast, pre-and in-season execution.
-Centric Pricing and Inventory™ leverages AI to drive margin and revenue improvement by influencing demand via price and inventory optimization.
-Centric Market Intelligence™ is a market insights platform for data-informed decision-making on competitor offers and pricing. Provides consumer trends and buying behavior as well.
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