Every company that wants to grow and thrive relies on valuable new products to attract new customers, delight existing ones, and boost revenue. There is just one small problem: Innovating, developing, and commercializing new products is not an easy process, but it’s critical to compete effectively.
Roadblocks pop up constantly. During development, information gets lost or neglected in email, spreadsheets, and disconnected systems. You end up wasting time searching for and updating it all while trying to keep multiple logins and passwords straight.
Meanwhile, the pressure from external forces doesn't let up. You have new technology and regulations to manage, competitors to keep an eye on, and customers who are growing impatient.
These product development issues are far too common:
Despite these challenges, companies in various industries still manage to introduce some impressive, game-changers, like Apple with the Apple Watch, Maker Shed’s 3D printer, and Google Glasses that are poised to change the way we receive and interact with information. Want to join their ranks?
Oracle introduced Oracle Product Value Chain Cloud, highly integrated PLM solutions designed for the Cloud, (or PLM Cloud) specifically for that purpose. Think of it as a modern alternative to yesterday’s product lifecycle management tools. What’s different? PVC Cloud lets you:
In short, PVC Cloud is an all-in-one platform that helps you innovate, develop, and commercialize profitable products fast to compete better.
Here’s how it works:
Start with one idea – or thousands. Select the best ideas that match product requirements using Oracle Innovation Management Cloud.
Next, use the Oracle Product Development Cloud to classify and manage all the product’s components and manage costs and supply risk. The Oracle Social Network is included, so you can start conversations, find solutions, and make decisions fast. You’ll also have access to live infotiles, which provide the analytics you need to see when your product is ready for launch.
When your product is ready to go, the Oracle Product Hub Cloud provides a single, protected view of your distribution, supplier, and channel partners. You can synchronize your commercialization network and launch new products on target.
Of course, you won’t want to stop there. Continuously improve with Oracle Project Portfolio Management Cloud, where you can track your entire product portfolio and make better decisions about resources, tasks and schedules.
Add up the above PLM Cloud applications, and your company will
Oracle has been offering applications in the Cloud for over a decade and is committed to being the world leader in cloud solutions. Oracle’s cloud solutions have allowed customers to deploy applications faster and reduce costs by 50%. Learn how Oracle Product Value Chain Cloud Solutions can do the same for your business here and view the short video below!