Kalypso has launched the PLM Vivo, a new pre-configured product lifecycle management (PLM) system disigned for the food and beverage industry.

According to Kalypso, the new system enables companies to reduce the time to deploy PLM by up to 66%. It is built on Oracle’s Agile PLM for process application, which manages the aspects from product and portfolio management to management of specifications, suppliers, formulations and bills of materials, packaging and labelling, compliance, and quality.

The new PLM system comes configured with Kalypso templates, workflows, core data and profiles specific to the food and beverage industry. It is expected to reduce the setup time and provide a path for legacy data migration.

The company said that the new PLM is designed to address two issues of food and beverage companies, product safety and regulatory compliance. It enables product and supplier traceability to isolate ingredient issues and to comply with government regulatory and reporting requirements.

George Young, a founding partner and consumer goods industry practice lead at Kalypso, said: “As food and beverage companies face greater potential liabilities with non-compliant products, increased time-to-market pressures, and growing product complexity, PLM technology is no longer a luxury, but a necessity.”