Overview
Cosmetics and Personal care is growth industry, with perennial demand for its products. Heavily brand-oriented, and quality-focused. What matters is not just product quality, but packaging and presentation, market reach matter a lot. Highly competitive market, usually dominated by a few big domestic and foreign brands.
Implementation Highlights​
Cosmetics and Personal Care industry takes extra care to protect intellectual property
- Products are made using proprietary recipes, which have to be closely guarded and prevented from getting into the hands of competitors
- Staff in Procurement, and Inventory Management function have intimate knowledge of raw materials, and their suppliers. However, they should not be able to gain access to upstream details, such as the products into which they go, in what quantities etc.
- Staff in Marketing & Sales know which products sell well, in which products the firm has an edge over competition with respect to their efficacy, price etc. However, these employees should not be able to exploit such information for their personal gain, thereby putting the business at risk
- 98% Achievement
- 87% Positivity
- Only the management and manufacturing team were allowed access to the Product Recipes, i.e the Bills of Material [BoM]. That way, no other staff member can get to know the ingredients that go into production, and the various steps involved in production.
- Workflow-driven processes brought various levels of control into operation
- Organizational processes get streamlined, giving the business bigger growth momentum
- Fear of losing IP, that slowed down innovations from reaching the market, are reduced significantly.
- Cumbersome manual processes, and close management oversight, are no longer necessary. The digitized business is more agile and responsive
- 98% Achievement
- 87% Positivity
Industry Snapshot
Cosmetics & Personal Care Industry Solution:
Key Features
CREST ERP Solution for Cosmetics & Personal Care industry was developed in association with actual users, and their needs.
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