Centric Software®, the Product Lifecycle Management (PLM) market leader is pleased to announce that Cosmecca Korea Co Ltd., an Original Global Standard & Good Manufacturing (OGM) specialist has successfully gone live with Centric PLM™. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, outdoor, luxury, multi-category retail, grocery, food & beverage, cosmetics & personal care and consumer electronics to achieve strategic and operational digital transformation goals.
Cosmecca Korea is a global Original Design Manufacturer (ODM) that collaborates with international clients to provide high-quality products, including cosmetics research and development (R&D) and manufacturing. As a company that prioritizes R&D investment, it allocates approximately 3% of its annual revenue to R&D, developing a wide range of products, including premium formulations and raw materials, under its “Total Service” model.
In 2023, Cosmecca Korea selected Centric PLM to stay ahead of competitors by boosting product development efficiency and optimizing the manufacturing process. With Centric PLM in place, teams at Cosmecca Korea are already enjoying the benefits.
“The most noticeable advantage of using Centric PLM is the ability to access all important information and documents for product development in one place, significantly improving efficiency. It is also easier to address issues early on as we can see where a product is delayed in the Work Breakdown Structure (WBS) within the system,” says a Cosmecca Korea representative.
A representative adds, “Centric PLM fosters greater synergy between Sales and R&D teams through improved accuracy of development briefs and increased visibility of project progress. This has significantly reduced lead times, resulting in increased client satisfaction.”
Cosmecca Korea has streamlined global and national regulatory compliance using Centric PLM. “Centric PLM ensures that each developed formulation meets regulatory requirements and supports a rigorous quality verification process. This allows us to proactively understand corporate and national regulations, improving accuracy in the product development process.”
By managing the product cost of R&D in Centric PLM, Cosmecca Korea’s research, Sales, R&D and Pricing teams can now process their work more quickly and accurately.
“The ultimate goal is to reduce product development lead time by 30% and improve the product FIX rate by 20%. We have full confidence that Centric PLM will help us to achieve this,” concludes a Cosmecca Korea representative.
“We are delighted that Cosmecca Korea has successfully gone live on Centric PLM,” says Fabrice Canonge, President of Centric Software. “Cosmecca Korea is a true innovator in the cosmetics space, and this partnership will empower them to focus on delivering world-first products and be the leader in the industry. We are proud to partner with them in their business now and into the future.”
