Product Innovation Management: High Tech and Manufacturing

High technology and manufacturing industries face a myriad of challenges when it comes to profitable product innovation. These challenges, which all compound together, include faster and shorter innovation cycles; complexities in the product, supply chain, and design network; globalization and increasing competition; and creating differentiation to maintain and grow brand loyalty. A successful, unified product innovation management solution must combine financial planning with flawless product planning and execution.

Only Oracle's industry solution for product innovation management enables manufacturers to integrate data for the entire product lifecycle—from customer feedback and initial product design through launch, volume production, maintenance, and retirement. Additionally, Oracle's industry solution supports fast and secure enterprise-wide collaboration.

Oracle Industry Solutions Address Complex Business Processes
Oracle industry solutions leverage our best-in-class portfolio of applications and technology to address complex business processes relevant to your industry. Whether you start with one component or make a complete business transformation, Oracle enables you to build on your existing environment with an open-integration framework using standards-based middleware. Oracle industry solutions enable you to speed time to market, reduce costs, and gain a competitive edge.

ORACLE'S SOLUTION FOR PRODUCT INNOVATION MANAGEMENT OFFERS KEY BENEFITS
 Business Drivers  Oracle Enables You to  With These Key Oracle Products
Optimize the lifecycle value of product plans
  • Maximize the lifecycle value of each product through portfolio optimization using Oracle's Primavera Enterprise Project Portfolio Management
  • Increase product profitability with product decisions based on accurate and segmented customer information, using analytics and business intelligence
  • Reduce customer contract penalties by improving EOL management while also reducing inventory levels and obsolescence
Prioritize innovation strategies that are tied to corporate planning business goals
  • Align innovation strategy efforts to corporate goals and global brand leveraging Oracle Hyperion solutions and Primavera Enterprise Project Portfolio Management
  • Model, analyze, and define clear strategic goals for your innovation efforts, in terms of revenue, growth, market share, ROI, NPV, using Oracle Hyperion Planning and Oracle Hyperion Strategic Finance
  • Prioritize and select innovation projects to improve ROI based on strategy and risk analysis using Oracle Crystal Ball solutions, Oracle Business Intelligence, and Oracle's Demantra solutions for different business scenarios
Optimize and balance the return on investment (ROI) across all innovation project portfolios
  • Create alignment between innovation strategy and financial objectives to increase company revenue and profitability by focusing on the "right" projects and early termination of under-performing projects
  • Optimize and prioritize the optimal mix and sequencing of proposed projects to best achieve the organization's overall goals using Primavera Enterprise Project Portfolio Management or Oracle's Agile Project Portfolio Management, while also improving resource utilization (people, money, and so on) by moving people to the "right" projects and terminating "bad" projects
  • Automate process to track projects' actual costs and compare to project budgets to all major KPIs and milestones using analytics, and avert risk through modeling and analysis with Oracle Crystal Ball
Achieve seamless project (NPI) execution from idea to market
  • Connect NPI project execution to strategy and corporate goals aligned by project priority to produce desired corporate results
  • Improve design, manufacturing, supplier, and channel collaboration to synchronize the NPI process using Agile Product Collaboration and Agile Engineering Collaboration.
  • Reduce development time, costs, and overruns by improving efficiency and managing resource assignments and capacity planning during the NPD enabling you to meet cost budgets using Oracle's Agile solutions to employ a phase gate process from concept to market
  • Incorporate market and customer driven requirements into product and service NPI using Agile Customer Needs Management, improve quality, and launch new products with properly planned supply and inventories by modeling NPI demand and risk
Record all product and vendor data in a single version of truth
  • Improve design, manufacturing, and supplier collaboration to synchronize the NPI process using Agile Product Collaboration and Agile Engineering Collaboration
  • Proliferate a single version of truth throughout the product network using supplier and partner portals enabled by Oracle's Agile solutions
  • Improve sales, marketing, and service effectiveness harnessing common information and rules using the Oracle Product Information Management Hub with cleansed and consolidated information

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