Published on Tuesday, February 27, 2018
PSC’s Formula and Recipe Management solution (FRM) is a robust way to handle information surrounding products. This includes the product states ranging from raw materials all the way through finished and sellable goods. Maintaining process and procedures in the product lifecycle is core functionality in a FRM solution, but FRM can be so much more. Leveraging the Formula & Recipe Management platform for other business functions and data makes for a stronger overall solution that provides more value to the organization.
A successful Formula and Recipe Management solution utilizes this flexibility. While effective at handling data related to the products, the functional conversation quickly extends into related areas of the business, including research and development, quality, marketing, legal, vendor management, and distribution. Here are some examples how:
Updating or creating a new formula is a common process. When applying formula and recipe management to the research and development function, product testing is a central part of the research. Capturing test results and sharing the outcomes with stakeholders is key to that process. If the test results aren't as expected, the formula gets re-worked, and new tests are run, yet the old version of the formula and its tests need to be tracked and maintained. The repeated testing process produces many outputs to be managed and archived. It’s a perfect use case for the FRM solution.
Marketing & Legal
Once the final version of the formula is approved and it is ready to move to production, cost and marketing analysis is triggered. While suppliers and cost are being determined, Marketing begins the work to craft product claims and packaging artwork with the help of legal to keep it within regulatory compliance. Raw material specifications and tests are determined, as well as the formula’s ingredient and nutritional information that will be used to generate the packaging’s nutritional panel. FRM stores much of this data natively and be called on as the single source of information.
Vendors are a huge piece of the sourcing operation. Selecting the right vendors as well as maintaining compliance with audits and other regulatory elements is a significant functional silo. Process and protocol around vendor sections, certification, maintenance, and replacement is critical to keeping a safe and steady flow of materials into the enterprise. Contracts and other documents related to vendors also need to be stored and readily available to both internal resources and external parties. An FRM solution performs these duties with some minor configuration. Keeping the vendor information close to the product data optimizes the entire process.
An effective formula and recipe management solution must eventually handle more than just formulas and recipes. It must be able to encompass information from all corners of the product management enterprise. Here are some other examples of how a good formula and recipe management platform can be leveraged across the business to enable success and ROI:
Customer Complaints / Consumer Affairs
Track, Link and Manage Common Business Processes:
By using PSC’s Formula and Recipe Management solution as a platform, you can unlock new value from your data across the business and connect it in ways that can truly transform your operations and collaboration. PSC is helping other clients realize the benefits and can help you determine the best path to value and insight. Contact our expert team to learn more.
Categories: Formula Recipe Management,Dynamics 365,PLM,Food & Beverage