Alchemy Cloud
Case Studies
Chemstar's Accelerated Product Development through Data-Driven Project Scoring in Alchemy
Overview
Chemstar's Accelerated Product Development through Data-Driven Project Scoring in AlchemyAlchemy Cloud |
Chemicals Life Sciences | |
Product Research & Development Sales & Marketing | |
Operational Impact
The implementation of Alchemy has resulted in a more streamlined and efficient project workflow for Chemstar. The software has enabled the company to drive priorities and resource assignments, and rank the full portfolio of projects with appropriate data-driven criteria. This has resulted in a more agile new product development process. The executive team can now balance short-term, customer-driven revenue from enhancements against the longer-term strategic bets on foundational chemistry using criteria that supports the trial-and-error nature of innovation. Furthermore, the software has improved communication and collaboration within the company, with chemists managing their tasks and sprints through the software and salespeople accessing Alchemy anytime for quick visual updates of each project and customer request. | |
Quantitative Benefit
Chemstar is now able to track the entire process from a new customer request through product development and delivery. | |
The company is seeing faster velocity on projects because everyone is on the same page and it’s no longer possible for things to fall through the cracks. | |
Chemstar now has baseline project data as a foundation for a more agile new product development process. | |