Project and Product Portfolio Management

Mastering Project and Product Portfolio is Key

With an ever-increasing number of products and volume of information due to product range expansion and more complex regulations, it is crucial to implement an effective product portfolio management.

It is still common for companies to rely only on Office tools and e-mails to collaborate, share information and manage products. Additionally, other documents, such as market, suppliers and cost analyses, are usually stored on personal computers. It is then clear that this lack of data consolidation could lead to greater issues: data loss, re-keying errors, re-approval of same documentation, waste of time, and misunderstanding between departments in NPD process, among others. These are just some of the consequences of participants working in “silos” and not in an optimized and collaborative manner.

To avoid those kind of problems, businesses need to use the appropriate tools to streamline their processes and optimize the use of their resources. They need to ensure that information and data are gathered in the same place and consolidated to form a common knowledge base (or repository). They also need to make sure that these information and data are accurate, current, and versioned. This will guarantee that any product information are complete, available, and easily and securely accessible by those who need it.

Effective portfolio management is the key to success. Accurate product management implies using cross-functional teams, and putting customer satisfaction at the heart of product development.

A Solution to Optimize Project and Product Portfolio Management

Lascom offers a simple and efficient software to manage your project and product portfolio. The Product Portfolio Management tool is based on the ability to exploit all data related to the company’s projects and products. It is easy, with Lascom’s solution, to manage product portfolio, centralize all the data, perform analyses and access reporting tools.

Thanks to a single centralized product information repository, participants are able to centrally and securely manage all specifications and product information – data, parameters, certifications, ideas, and documents associated with product development, change control, quality management, and regulatory compliance. The platform gathers data and documents about products and assists CPG businesses in better managing their portfolio. Any stakeholder, who has access rights, can directly access information about a project and product; they can also consult any related-documents and check their notifications. This central repository or knowledge-base, provides a “single version of the truth” to all participants.

The Project and Product Portfolio Management tool integrates all the EDM tool features (Electronic Document Management), such as automated document generation, advanced search, automated version control and approval process.

Lascom product management software also provides reporting tool to assist professionals in quantifying subjective data and understanding the assumptions behind the measures. This tool gives businesses an overview of their projects, allowing them to have a better understanding of their product development throughout the year. Projects’ prioritization is possible, and bottlenecks are more visible, so decision makers can better optimize product range thanks to features like creation wizard, mark-ups and reviews, and electronic signatures.

The Key Features of Product Portfolio Management

  • Single knowledge base to manage all data
  • Structure and secure information 
  • Upload any type of documents
  • Analysis tool to manage portfolio
  • Advanced information search
  • Version control
  • Automated document generation

 Benefits

Track
project progress

Master product
development

Centralize product
information and documents

Analyze results
and performances

Success Stories

  • Bolthouse Farms

    Bolthouse Farms

    Bolthouse Farms is North America’s market share leader in growing and distributing fresh-cut carrots and offers ‘all things carrot’, including... Read more »
    Read more
  • Maple Lodge

    Maple Lodge

    Maple Lodge Farms increases productivity, shortens product development cycles, and reduces risk with Lascom CPG Solution Maple Lodge Farms (MLF)... Read more »
    Read more
  • Poultry leader

    Poultry leader

    France’s largest chicken products and chicken based products processor and distributor, employs more than 16 000 people all around the... Read more »
    Read more
  • Artenay Bars

    Artenay Bars

    Artenay Bars is the leading French manufacturer of cereal bars and muesli in the private label market. The company has an... Read more »
    Read more
  • Yoplait

    Yoplait

    Lascom solution helps YOPLAIT achieve faster product development times Dairy manufacturer Yoplait selects Lascom's CPG Solution to reduce product development... Read more »
    Read more
  • LACTALIS

    LACTALIS

    To meet new food regulations and increase productivity CPG solution from Lascom helps Lactalis meet new food regulations and increase... Read more »
    Read more
  • Bolthouse Farms
  • Maple Lodge
  • Poultry leader
  • Artenay Bars
  • Yoplait
  • LACTALIS

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