A decade ago, adopting SaaS seemed like a luxury. Today, we know SaaS solutions are integral to running any type of company — especially with hybrid work-from-home or fully remote operations.
Product lifecycle management (PLM) software has allowed food and beverage manufacturers to speed up innovation cycles, improve collaboration, and streamline data management. But, companies that aren’t using a cloud-based SaaS PLM aren’t able to reap the full benefits of the technology. If you’re still using an on-site PLM to manage recipe data, packaging
design, and other aspects of your products, it’s time to upgrade to a cloud-based solution.
Product lifecycle management (PLM) is a type of software that helps your company digitally manage:
More and more software companies started offering a SaaS model by the 2000s, and by the early 2010s, SaaS became widely adopted in more modern industries, with traditional industries continuing to increase their adoption rates every year of the past decade.
While cloud technologies and on-premise software can be equally secure, they approach security differently. With firewalls, VPNs, antivirus software, and physical security measures, on-premise security must typically be managed by the internal IT team. Meanwhile, cloud providers manage security for their customers using data encryption, multi-factor authentication, and other security measures. Cloud security is typically more affordable because the vendor is managing it for a large number of customers, so it’s more scalable.
Also, rollout and implementation is more affordable for SaaS, which drives down the initial and overall costs of the application. Because SaaS apps are more scalable, they also tend to be priced lower. But of course, there is variability in SaaS pricing, and critical enterprise solutions can be similar in cost to their on-premise counterparts.
Here are the advantages that food manufacturers experience when switching to a SaaS PLM:
With an unprecedented number of workers now operating out of their homes all around the world, companies that didn’t already have widespread cloud computing were majorly stalled.
Meanwhile, food manufacturers that use a SaaS PLM can continue to innovate new recipes and work at the same rate of execution they did before. In fact, with less distractions, workers might even be more productive than ever.
Even when the world isn’t required to work remotely, unoptimized processes can slow everyone down. Supplier contracts are often handled in a series of back-and-forth emails, with changes made to Word documents that can be challenging to keep track of.
By using a PLM with robust supplier management features, your team can move forward with specifications management, legal agreements, timelines, certification requests, certification storage, and other regulatory compliance requirements.=
The absence of a streamlined process means that innovation slows. During remote work, the lack of a SaaS PLM means supplier relationship management either halts (for new contracts) or plods forward at an inefficient pace.
A SaaS PLM can have a positive impact on a variety of processes, such as product innovation, sales, and supplier contracts. For example, product information needs to move from the testing phase, to the development phase, to the packaging and consumer information phase.
Without a SaaS PLM, the process of moving this product information along can be extraordinarily complex and messy. Employees are downloading and uploading different documents, and version control is all but impossible.
However, with a SaaS PLM employees can collaborate on the same product information spec and make direct changes, which can be approved or disapproved by the appropriate admin. As the product moves through various stages, so does the information. While working in the cloud, everyone can instantly see the most accurate and current information. Depending on the workflows in place for your various products, there are countless other ways a SaaS PLM can speed up processes.