Most PLM was built for assemblies, not formulations
The PLM category grew up around engineered products: parts, assemblies, bills of material, engineering change orders. That heritage shows immediately in a formulated business. A recipe isn't an assembly. Changing a raw material doesn't swap a component, it shifts a percentage that ripples into classification, labelling, cost and every dossier that referenced the old version.
Platforms adapted from discrete manufacturing handle the document side well and the substance side badly. Platforms built for formulation handle the substance side well but usually stop at the lab door, leaving supply and commercial teams outside. The shortlist below is ranked on how far a platform carries the formula before it hands off.
