Challenges in Cosmetics Product Formulation
In personal care business, product innovation is crucial. Sales are becoming more sensitive to seasonal events and requires continuous product updates. As trends and consumers’ need change frequently, cosmetics manufacturers and brands have to follow up and create adapted products. Teams must innovate using new technologies to create cosmetics formulas and find the most efficient and high quality raw materials.
Each product innovation is composed of scores of ingredients, implying a precise management of raw materials. Product characteristics such as allergens and claims must be kept up to date and easily accessible in case of audit.
To gain competitive advantage, Cosmetics companies need to be able to quickly respond to evolving customer needs and adapt to changing standards and regulations. Aggressive Cosmetics product innovation is the key to increased market share and consumer recognition.
In attempt to achieve their business objectives, companies typically execute an innovation process that involves getting trends information, brainstorming ideas, formulating new cosmetics product concepts, creating prototypes, testing them in the market and refining concepts with customer feedback, cost and margin analyzes or range optimization.
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How to optimize formulation management
A Software to Optimize Cosmetics Product Formulation
Lascom cosmetic formulation software facilitates R&D professionals’ daily tasks providing tools to formulate new products from scratch or from an existing formula. With its web-based formulation tool, Lascom PLM, allows to create new formulas based on marketing requirements and regulations enforced. It automatically calculates costs and risks, generates drugs facts, warnings, claims, etc. and manages impacts in case of a change.
Lascom cosmetic formulation software ensures everyone involved in the product development process access to updated and accurate data and documentation through a customized user profile. Lascom’s PLM provides a “single version of the truth” for all raw material, ingredients and product specifications across all divisions, locations, business processes and countries.
This is your cosmetic tool to manage formulation from raw material sourcing to prototypes. Manage raw materials’ documents and data in addition to creating a conform with requirements and regulations!
Cosmetic formulation software : Included Features
your cosmetic product
Simulate cosmetic product
Access our guides and whitepapers for your industry :
- How to Ensure Cosmetic Product Compliance in a Global Environment
- How to Accelerate Cosmetic Product Innovation ?
- Collaboration as a Key to Success in Retail – White Paper