Wednesday Aug 27, 2014

New Video: How Innovation Happens Today

How do you make innovation happen at your organization? If whiteboards, spreadsheets, point solutions or complicated systems are involved, you'll want to watch this new video!  See how Oracle Innovation Management can make it easier to know which ideas to pursue.  Remove guesswork and turn innovation into a structured, consistent and effective business process.  Become an innovation hero!  Watch in HD for supreme viewing experience, and learn how you can build your innovation discipline into a scaleable, repeatable, and strategic business process.

Wednesday Aug 20, 2014

The Complementary Roles of PLM and PIM

Oracle Product Value Chain Solutions (aka Enterprise PLM Solutions) are a comprehensive set of product management solutions that work together to provide Oracle customers with a broad array of capabilities to manage all aspects of product life: innovation, design, launch, and supply chain / commercialization processes beyond the capabilities and boundaries of traditional engineering-focused Product Lifecycle Management applications. They support companies with an integrated managed view across the product value chain: From Lab to Launch, From Farm to Fork, From Concept to Product to Customer, From Product Innovation to Product Design and Product Commercialization.

Product Value Chain Maturity Curve

Product Lifecycle Management (PLM) represents a broad suite of software solutions to improve product-oriented business processes and data. PLM success stories prove that PLM helps companies improve time to market, increase product-related revenue, reduce product costs, reduce internal costs and improve product quality. As a maturing suite of enterprise solutions, PLM is still evolving to realize the promise it can provide across all facets of a business and all phases of the product lifecycle. The vision for PLM includes everything from gathering early requirements for a product through multiple stages of the product lifecycle from product design, through commercialization and eventual product retirement or replacement. In discrete or process industries, PLM is typically more focused on Product Definition as items with respect to the technical view of a material or part, including specifications, bills of material and manufacturing data. With Agile PLM, this is specifically related to capabilities addressing Product Collaboration, Governance and Compliance, Product Quality Management, Product Cost Management and Engineering Collaboration. PLM today is mainly addressing key requirements in the early product lifecycle, in engineering changes or in the “innovation cycle”, and primarily adds value related to product design, development, launch and engineering change process. In short, PLM is the master for Product Definition, wherever manufacturing takes place.

Product Information Management (PIM) is a product suite that has evolved in parallel to PLM. Product Information Management (PIM) can extend the value of PLM implementations by providing complementary tools and capabilities. More relevant in the area of Product Commercialization, the vision for PIM is to manage product information throughout an enterprise and supply chain to improve product-related knowledge management, information sharing and synchronization from multiple data sources. PIM success stories have shown the ability to provide multiple benefits, with particular emphasis on reducing information complexity and information management costs. Product Information in PIM is typically treated as the commercial view of a material or part, including sales and marketing information and categorization. PIM collects information from multiple manufacturing sites and multiple suppliers into its repository, but also provides integration tools to push the information back out to the other systems, serving as an active central repository with the aim to provide a holistic view on any product sold by a company (hence the name “Product Hub”). In short, PIM is the master of commercial Product Information. So PIM is quickly becoming mandatory because of its value in optimizing multichannel selling processes and relationships with customers, as you can see from the following table:

Viewpoint

PLM Current State

PIM

Key Benefits PIM
adds to PLM

Product Lifecycle

Primarily R&D
Front end Innovation Cycle
Change process

Primarily commercial /
transactional state of
lifecycle

Provides a seamless
information flow from
design and
manufacturing through
the ultimate selling and
servicing of products

Data

Primarily focused on “item” vs. “product” data
Product structures Specifications
Technical information

Repository for all product information.
Reaches out to entire enterprise and its various silos of product information and descriptions

Provides a “trusted source” of accurate product information to
the internal organization and trading partners

Data Lifecycle

Repository for all design
iterations
Historical information

Released, current information, with version management and time stamping

Provides a single location to track and audit historical product information

Communication

PLM release finished product to ERP
PLM is the master for Product Definition

Captures information from disparate sources, including in-house data stores
Recognizes the reality of today’s data “mess” across information silos

Provides the ability to package product information to its audience in the desired, relevant format to meet their exacting business requirements

Departmental

R&D
Manufacturing
Quality
Compliance
Procurement
Strategic Marketing

Focus on Marketing and Sales
Gathering information from other Departments, multiple sites, multiple suppliers

A singular enterprise solution that leverages existing information silos and data stores

Supply Chain

Multi-site internal collaboration
Supplier collaboration
Customer collaboration

Works with customers, exchanges / data pools, and trading partners to provide relevant product information packaged the way the customer desires

Provides ability to provide trading partners and internal customers with information in a manner they desire, continuously

Tools

Data Management
Collaboration
Innovation Management

Cleansing
Synchronization
Hub functions

Consistent, clean and complete commercial product information

The goals of both PLM and PIM, put simply, are to help companies make more profit from their products. PLM and PIM solutions can be easily added as they share some of the same goals, while coming from two different perspectives: the definition of the product and the commercialization of the product. Both can serve as a form of product “system of record”, but take different approaches to delivering value. Oracle Product Value Chain solutions offer rich new strategies for executives to collectively leverage Agile PLM, Product Data Hub, together with Enterprise Data Quality for Products, and other industry leading Oracle applications to achieve further incremental value, like Oracle Innovation Management. This is unique on the market today.

Friday Aug 01, 2014

Don't Just Help Your Customers Embrace Innovation - Help Employees, Too

We’re living and working in the 21st century marketplace, where innovation has become the engine of growth. Although innovation is generally perceived as a good thing, it means change which can be difficult for people to accept or act upon. That means that making innovation happen still boils down to being an effective leader of people, one who inspires a vision and lays a path to get there.

Companies have developed sophisticated marketing and sales processes to help customers embrace innovation. Think of all the personalized emails, social outreach, customer reviews, product comparison charts, and mobile apps you’ve encountered. But those companies who are getting really good at innovation aren’t just helping their customers embrace innovation, they’re helping their employees be innovative too.

Helping employees embrace being innovative has its advantages. In a March 2012 article... [Read More]
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