The formulated industry, representing both consumer packaged goods and process-related products, is under tremendous pressure.

Consumers are becoming more health and environmentally conscious, and require products to be healthy and safe. They expect a greater choice of products delivered in greater array of pack types and sizes. Consumers want premium quality products and expect low prices for standard product lines.

The industry is becoming increasingly regulated, which has an effect on product development and the supply chain. Product expectations in emerging markets are growing seamlessly fast.

In response to these challenges, manufacturers must reduce time-to-market with new, innovative products. They should improve production flexibility and efficiency to enable individualized mass production, while optimizing energy and resource consumption.

Manufacturers need a solid R&D platform to capitalize on R&D potential, develop new products more efficiently and bring them to market faster. SAP PLM Specification management module helps you in this cause by supporting management of specifications effectively.