Tuesday Feb 11, 2014

Manufacturing Today—Innovation and Operational Excellence how to Compete in a Global Marketplace

By: John Reichard, Oracle Primavera Discrete Industry Strategy Director

Manufacturing is critical to the global economy. It is driven by innovation and operational excellence, which impacts the economy and international trade—all in a volatile and demanding marketplace; A global marketplace which over the last few years has been strained by economic, political and environmental stress. Economists describe the business climate as gradually improving but still very sensitive to market conditions and customer demands. Or is this really the new normal environment for businesses?

Manufacturers that survived the difficult economy over the last few years, now face a more competitive environment where they must do more with less to win. They will have to optimize dwindling experienced resources, choose projects wisely for improved financial results, and better manage risk to deliver on time in order to thrive. How will you innovate, evolve and compete to win in this new normal global marketplace?

One way for industries to compete is to strike a balance between innovation and process improvement to better align new product development to corporate strategy. This Innovation brings in new streams of value while process improvement provides the back-end insurance that the innovations achieved will continuously deliver competitive value. New innovation will help increase revenue, market share while building customer value. These are very important drivers to the discrete industries. We find that new product introductions contribute significantly to business growth. Companies that invest in development find it is not an optional extra but rather crucial to business growth and profitability. Is innovation a high priority for your company?

To stay competitive, many industrial manufacturing companies are focusing on global efficiency through greater collaboration, and visibility across program and projects worldwide. This transparency helps, in today’s complex product design and manufacturing initiatives resulting in higher customer satisfaction and profit margins. These metrics are vital to measuring a company’s success in bringing the right products to market on time. Cost overruns or late product launches result in the loss of credibility and financially impact to the bottom-line. How does your company ensure that you are designing, building and delivering products as promised and avoiding costly delays when different functional teams aren’t always in sync?

How do you:

  • Drive Innovation–Innovation is considered one of the most critical drivers to a company’s competitiveness. How do you choose which programs or projects satisfy customer demand, and improve market share with the required return on investment?
  • Manage Risk - Risk requires identification and management to mitigate potential quality, warranty, legal and environmental issues. Are you managing change successfully and mitigating its effects?
  • Understand Capacity–Do you have the right resources to match the demand in the markets you plan to grow in?

Each of these questions can be answered and objectives accomplished with the help of an enterprise project portfolio management solution that can streamline operations, improve time to market, increase agility, and provide visibility and transparency with all stakeholders.

If you would like to know more about how to: compete and win in the global marketplace, then I invite you to visit Oracle’s Primavera industrial manufacturing industry page for more information.

Friday Oct 18, 2013

Exclusive Webcast Series Explains How Project Success Drives Business Success

In the wake of the global financial crisis, organizations throughout the world are redoubling their efforts to enhance financial discipline, achieve operational excellence, and mitigate risk. How can they address all these areas with one comprehensive strategy? With enterprise project portfolio management solutions that provide greater transparency and visibility across all projects and portfolios, says Guy Barlow, OProject success drives business successracle director of industry strategy. In the following interview and in an exclusive, three-part webcast series, Barlow examines today’s new management realities and explains how organizations can succeed in this environment.

Q: Financial discipline has always been important, what’s different today?

A: A number of organizations are showing that by fiscally aligning projects with the business goals of their organizations, they can shave off hundreds of thousands if not millions of dollars in inefficiency and waste. For example, one Oracle customer, the Columbus Regional Airport Authority, reduced its unbudgeted costs from US$24.4 million to US$3.5 million, for an 88 percent improvement.

Q: How do organizations achieve results like this?
A: First, they need to have the vision to see project management as part of a broad and critical element in their overall enterprise strategy. That means using a single solution, such as
Oracle‘s Primavera, to manage multiple projects across multiple functions within a company. So someone in corporate mergers and acquisitions as well as a capital projects team can standardize on the same technology. By doing so they all gain greater efficiency in planning and execution—because the technology can be configured for their specific roles and needs—and the IT organization really benefits from lower maintenance.

Second, enterprises must give executive leaders—CFOs, COOs, and CEOs—visibility across the entire business to easily see what projects are on track and which ones are falling behind. In fact, once executives see the power of enterprise project portfolio management, uptake is very quick across the organization.

Read the full interview here.


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