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As the economy turns from recession to recovery, process manufacturers must find a way to develop great products, launch them before competitors and control costs in a volatile market. The key to profitability is spurring top revenue growth and controlling the bottom line cost of goods through the heart of a processed goods product: its formula. A recent survey of 127 companies, including 53 process manufacturers, revealed that those which combined best practices in developing formulas in a structured manner and optimizing formulas realized profitable growth.
