Oracle SCM Solutions—Innovation Management
Drive business growth with modern PLM. Transform your product value chain to rapidly innovate, develop, and commercialize.
Innovation Management
Build an achievable product portfolio and accelerate market performance with a structured, collaborative, innovation process. Select and convert the ideas that offer the best profit potential and align with business strategies.
Ideation
Tap the creative expertise of your extended enterprise. Capture, enhance, analyze, and prioritize the best ideas.
- Capture ideas from multiple sources and analyze themes
- Use team social collaboration to refine each idea’s alignment, feasibility, and achievability
- Vote to determine which ideas to advance in the innovation process
- Develop the best ideas to a business case review
Requirements Management
Define, maintain, and optimize requirements—from definition to development processes—and maintain full traceability.
- Define and link requirement definition from marketing to design to test
- Capture dependencies across requirements
- Rightsize requirements by analyzing against objectives, budgets, and constraints
- Manage scope change
Concept Design
Develop concepts into offerings that deliver expected value and meet or exceed customers’ expectations.
- Re-use or transform existing components to model concepts
- Create concept alternatives and analyze to target cost and supply risk
- Maintain full traceability from ideas, requirements, items, through to execution projects
- Deliver best-fit designs and related portfolios
Align Requirements to Concepts
Trace the translation of requirements as they transition into concepts to ensure accuracy.
- Analyze trade-off between product features and costs
- Link requirements to any level of the concept and confirm achievability
- Visually detect problem areas where requirements, cost, risk are at risk
- Collaborate across teams and external parties via secure social network
Portfolio Management
Build a predictive product portfolio fueled with achievable concepts that align to your innovation strategy.
- Evaluate new proposals within the context of portfolio objectives and constraints
- Balance new offering selection against top-line strategy and bottom-line constraints
- Use consistent process and analytics to equalize evaluation criteria
- Integrate with project management to monitor investment progression through funnel
Related Products and Resources
- Oracle Innovation Management Cloud
Learn more about how to create a systematic approach to innovation for faster results.
- Oracle Project Management Cloud for PLM
Discover how integrating project execution with innovation accelerates critical growth initiatives.
- Modern Best Practice for Innovation
See how a modern innovation management process can deliver a competitive advantage.
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