Centric Software®, the Product Lifecycle Management (PLM) market leader, proudly announces its partnership with Cosmecca Korea Co Ltd., an industry leader in research & development (R&D) and manufacturing of skincare products based in South Korea. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source and sell products such as apparel, footwear, sporting goods, furniture, home décor, consumer electronics, cosmetics, food & beverage and luxury to achieve strategic and operational digital transformation goals.
Cosmecca Korea believes in creating a beautiful life for everyone through its cosmetics original equipment manufacturer (OEM) /original design manufacturer (ODM) services for its global clients based on innovative and competitive R&D. With the goal of becoming a leader in the global beauty industry, Cosmecca Korea expanded its production in South Korea, China and the United States where it acquired Englewood Lab, headquartered in New Jersey. The company is known for being the first in South Korea to develop triple-functional BB cream.
Recognizing stiff competition and the importance of being first and best to market, Cosmecca Korea wanted a solution to create a competitive advantage and reduce its new product development lead time. Despite having enterprise resource planning as well as raw material and regulatory management systems in place, the company struggled to unify and track product development information and streamline communication due to manual processes and the lack of a single platform as a point of reference. As such, they decided to utilize PLM to reconcile existing systems and processes.
Cosmecca Korea’s representative, a senior manager of the PLM project shares, “We evaluated three PLM providers based on four factors: the solution, product scope, cost and implementation experience. Finally, Centric stood out with their expertise in implementing PLM solutions for cosmetics manufacturing companies.”
Given the powerful capabilities of Centric PLM®, Cosmecca Korea is set to increase competitiveness and client satisfaction by accelerating time to market and providing transparency with progress reports. In addition, Cosmecca Korea will use Centric PLM to further streamline global compliance and monitor regulations across its product portfolio, improve visibility with flexible project management, simplify product formulation and packaging development with partners and easily compare suppliers’ quotes, among many other benefits.
“After the implementation in our South Korea R&D center, we plan to implement Centric PLM in China and with our US subsidiaries as well to improve the development capabilities in all of our company’s laboratories,” says the representative from Cosmecca Korea.
Chris Groves, President and CEO of Centric Software couldn’t be more delighted about this collaboration. He says, “We respect innovators and pioneers in all industries and always find it a welcome challenge to play a bigger part in empowering them to go further. This is what our partnership with Cosmecca Korea is all about and we are excited about the future innovations this partnership will produce.”
