Centric Software is Awarded the FoodTech Innovation Tastech Award for Centric Food & Beverage PLM

Food 4 Future recognizes Centric’s Product Lifecycle Management (PLM) solution as the most innovative digital technology for food & beverage brands, retailers and producers.

Centric Software® is thrilled to announce that it has won the Food 4 Future Food Tech Innovation Tastech by Sigma Award. Centric Software provides the most innovative enterprise solutions to design, develop, formulate, source, comply, buy, make, package, market and sell consumer goods products in food & beverage, grocery and multi-category retail to achieve strategic and operational digital transformation goals.

The Food 4 Future Expo is an annual event attended by over 8,000 professionals with exhibits of the latest solutions in food tech, food safety, robotics and automation, processing and packaging. The award was given to Centric Software in Bilbao, Spain on May 14 for the ‘most innovative digital solution for the food and beverage industry.’ At the ceremony were Spanish dignitaries from government agencies like the Ministry of Agriculture, Fisheries and Food as well as and the Ministry for Industry, Ecological Transition and Business Digitalization.

Highly configurable and user-friendly, Centric PLM is a digital platform that streamlines product development by connecting teams, centralizing data and managing every aspect of the product go to market process. Brands, retailers and producers of any size can manage formulation, raw ingredient libraries, labeling, artwork and packaging, compliance documentation for traceability and bringing products faster to market in a safer manner.

Centric PLM fosters project and portfolio oversight and strong supplier collaboration to increase accuracy to reduce the risk of non-compliance, lower cost of goods sold (COGS), speed time to market and ensure continued supply in fluctuating global conditions. Users enjoy seamless integration with other systems including ERP for synergy and efficient transfer of product data, as well as databases like Ciqual, GSDN and USDA FoodData Central, to stay current in a rapidly evolving market.

Centric PLM integrates with Centric PXMTM and Centric Visual BoardsTM. Centric Product Experience Management (PXM), combines AI-powered solutions including Product Information Management (PIM), Digital Asset Management (DAM), content syndication to e-comm sites, marketplaces, social media and Digital Shelf Analytics (DSA). It captures demand signals from digital sales channels and shows consumer behavior in real-time, creating a continuous feedback loop, so brands can quickly adjust products, pricing and inventory to personalize consumer experiences and increase sell-through in response to current market conditions. Centric Software has formed a strategic alliance with the leading food safety and regulatory service provider, FoodChain ID. From within the PLM environment, evaluate ingredients or formulations against 220+ country regulations, databases and libraries. Centric Visual Boards are an enabler for visual range planning and act as a visual pivot table with product data coming from multiple systems like ERP, CAD and more, tied directly to the images. It is a new, visual way of working to ensure robust, consumer-right and compliant product offers, dramatically decreasing assortment development cycle time and increasing profitability.

CEO of Centric Software, Chris Groves says, “We are truly honored to have been recognized by Food 4 Future for the innovations that Centric PLM brings to the food & beverage industry. It is especially rewarding to give our customers concrete tools to face market challenges like tariffs, compliance and sustainability requirements, changing consumer tastes as well as other disruptions, all while protecting margins.

 

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