Oracle Applications

Agile Product Lifecycle Management for Process

Agile Product Lifecycle Management for Process (Agile PLM for Process) enables companies to shorten cycle times, increase sales, lower costs and reduce risks associated with innovation. It provides an integrated solution that manages all aspects of innovation, such as product and portfolio management, specification management, supplier management, formulation and BOM management, packaging and labeling management, compliance and quality management, and data syndication.

The distributed nature of people, processes and data involved in innovation makes it a very challenging process. It results in innovation team members often using islands of information, disconnected systems and manual approval processes, leading to poor cross-functional coordination and rendering the product development process ineffective - without visibility into other innovation projects, past and present. The solution to this challenge is to implement an integrated and collaborative innovation framework, resulting in faster product and packaging development cycles, higher sales and margins, lower costs, higher quality, and more compliant products responding to consumer needs.

	BENEFITS
	Agile New Product Development and Introduction—Provides companies with a multistage collaborative project and portfolio management solution to streamline and accelerate product development and introduction, thereby improving sales and margins, increasing success for new product innovations, reducing innovation costs and enhancing productivity Agile Product Data Management—Provides a single version of the truth for all product and supplier data across all languages and cultures, delivering global visibility and traceability, greater change control, lower costs, improved productivity and enhanced compliance, quality and safety Agile Formulation and Compliance—Enables users to manage experimental formulations, compliance, quality, labeling and nutrition, thereby accelerating new product introductions, enhancing compliance and quality, improving labeling and reducing costs Agile Product Supplier Collaboration—Enables users to collaborate with suppliers and effectively manage sourcing relationships across the multi-tiered supplier network, leading to greater visibility, better sourcing strategies, improved collaboration, enhanced compliance and lower costs