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Tomorrow's Product Management Today

PLM is no longer a discipline hidden in the product engineer's garage. Given today's complex business environment, modern companies are looking for a fresh approach to quickly improve product development functions and integrate them across the end-to-end supply chain. Oracle Product Lifecycle Management Cloud is a digitally connected PLM solution that provides a digital thread across the entire product lifecycle and value chain for accelerated time to market, cost reduction, and improved quality.

Oracle Product Management Cloud
Explore Product Lifecycle Management Features

Innovation Management

Oracle Innovation Management Cloud delivers enterprise class capabilities to streamline, translate, optimize, and execute a balanced, achievable portfolio targeted to deliver winning offerings matched to growth strategies. Social collaboration and embedded analytics enable faster decisions and traceability.

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Ideation

    Capture

  • Capture ideas from anywhere and organize them into initiatives.
  • Refine

  • Engage colleagues with different areas of expertise to determine the most viable ideas for possible investment.
  • Promote

  • Prioritize and advance the ideas with the best potential to deliver value, suitability, and feasibility and align with business objectives.

Proposals

    Justify

  • Execute a consistent process for the business-case data collection and justification of each proposal.
  • Model

  • Identify required resource pools, budgets, and potential revenue stream.
  • Select

  • Determine the best product proposals to move forward as investment priorities.

Portfolio

    Analyze

  • Analyze the risk versus financial objectives and the resource and budget constraints across a collection of product proposals using embedded or custom analytics.
  • Simulate

  • Model and analyze alternate budget, resources, and schedule assumptions of proposals.
  • Progress

  • Achieve a balanced portfolio to meet both short and long term objectives, and advance the proposals with the highest potential for success and resource utilization to project planning.

Requirements

    Define

  • Utilize a single source of truth to capture, organize, collaborate, review, and prioritize requirements and specifications.
  • Manage

  • Maintain control of scope with version-controlled changes and audit history.
  • Trace

  • Ensure product definition clarity across all requirements and traceability across requirements, designs, ideas, quality issues, test specifications, items, and more.

Concepts

    Develop

  • Achieve design for excellence and cost initiatives with embedded analytics. Reuse existing designs to create new concept alternatives.
  • Validate

  • Evaluate product readiness by analyzing if the concept design meets all the objectives and targeted business and technical requirements.
  • Promote

  • Progress the product concept forward for further refinement or directly to commercialization.
Explore Product Lifecycle Management Features

Product Development

Use Oracle Product Development Cloud to enhance your product record through item and approved manufacturer list (AML) management, bill of materials (BOM) management, change management, and supplier collaboration.

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Item Management

    Create

  • Create various types of items to represent a complete, as-designed definition for your products.
  • Enrich

  • Add attributes, attachments, and an approved manufacturer list through a creation or search, select, and add process.
  • Manage

  • Progress an item through its lifecycle phases and implement grading rules for lifecycle advancement and improving item reuse.

BOM Management

    Structure

  • Get a single view describing aspects of the items required to build the top level item.
  • Define

  • Allow definition of additional attributes on BOM lines, for example, component quantity and reference designators.
  • Navigate

  • Easily navigate to child item changes, attachments, approved manufacturer lists (AML), and where-used information.

Change Management

    Configure Change Types

  • Model changes and control revision policies through a change-type framework. Control change behavior and rules through configurable change types.
  • Configure Workflow

  • Configure workflow by change order type. Define prerequisites (entry and exit criteria) for promoting to next status.

Reports and Analytics

    Analyze

  • Analyze and manage the lifecycle and change process for items and structures, attributes, changes, and other key business objects.
  • Search

  • Search and return information with the right view for the right set of users.
  • Alert

  • Set up alerts to receive actionable information in your inbox.

Supplier Collaboration

    Collaborate

  • Provide secure access to items, structures, and changes for seamless execution of product iterations throughout its lifecycle.
  • Secure

  • Be confident knowing that your suppliers will only see the content you want them to see.
  • Notify

  • Notify your suppliers of tasks that require their attention.
Explore Product Lifecycle Management Features

Quality Management

Oracle Quality Management Cloud provides an enterprise solution to define, identify, analyze, and correct quality events and improve the overall effectiveness, safety, and profitability of your products and services.

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Design for Quality

    Define

  • Build quality into the product defined by product specifications, validated by quality inspections, and resolved through corrective and preventative actions.
  • Connect

  • Eliminate silos of quality data with a common product record which integrates specification data with inspection plans across all manufacturing processes. Collaborate across cross-functional teams and expertise.
  • Analyze

  • Improve oversight utilizing purpose-built analytics. Quickly analyze critical quality events and navigate to take the most appropriate action.

Inspection Management

    Automate

  • Perform mandatory inspections which are evaluated against product specifications and retain quality compliance and traceability.
  • Investigate

  • Generate a nonconformance issue directly from receiving inspections or work orders when anomalies outside of allowable tolerances are detected.
  • Conform

  • Ensure compliance to the intended product design, collection characteristics, specifications, and quality metrics.

Issue Management

    Trace

  • Perform automated nonconformance issue creation directly from the work performed at the time of the event. Trace through to the corresponding issue and action management.
  • Investigate

  • Make real-time, relevant, fact-based decisions leveraging similar issues matching, data mashups of augmentative data such as suppliers scorecard, and audit history across the digital thread.
  • Resolve

  • Eliminate reoccurrence by initiating a close-loop corrective and preventative action.

Corrective Action Management

    Standardize

  • Leverage a single source of truth and process from identification to disposition, and get resolutions of quality issues.
  • Connect

  • Focus resources on the most current, relevant data, collaborating at every stage of the quality process to determine root cause and execute the right resolution faster.
  • Prevent

  • Prevent future reoccurrence of the quality event with the appropriate corrective actions. Drive quality and compliance standards towards continuous improvement.
Explore Product Lifecycle Management Features

Configurator Modeling

In today's business environment, customers are demanding products that are tailored to their unique specifications. Successful companies must provide customized versions of products with shortened lead times. The Oracle Configurator Cloud is a powerful guided selling and configuration product that enables flexible modeling of configurable, multi-option, and customizable products and services.

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Build Configurator Models in an Intuitive Development Environment

    Leverage a Dynamic Design Environment

  • Utliize an intuitive development environment with the configurator modeling environment (CME) for building and maintaining configurator models, including the model structure (all possible options), rules, and user interface behavior.
  • Supplement the Model with Guided Selling Questions

  • Simplify the configuration process by adding high-level questions to the model and tying the answers to one or more option selections via rules, directing the end users to the right or optimal solution.
  • Build Model Rules

  • With a constraint engine and AI solver "under the hood," modelers have a wide variety of rules to leverage, including simple defaults and bidirectional constraints. Groovy can be used to create configurator extension rules to invoke business logic that falls outside the scope of standard rules. Search decision rules can be used to capture logic needed to solve or finish the configuration.

Design a Customized User Experience

    Build a Better User Experience

  • Use a WYSIWYG user interface editor to build a user experience which guides customers to valid configurations. Use display condition rules to dynamically control the content in the user interace (for example, hide or show invalid options, under what conditions).
  • Choose User Interface Controls and Layout

  • Choose from a variety of selection controls such as radio button groups, images, checkboxes, and choice lists in the user interface. Also choose more complex tabular controls to manage multi-item and multi-instance selections, and commonly used layout and navigation options such as single page, step-by-step, and dynamic tree.
  • Rapidly Design and Deploy the User Interface

  • Choose from the predefined user interface templates to quickly create the dynamic runtime user interface that best meets your needs. Alternatively, leverage the single-page user interface that is provided by default.

Manage the Configurator Model Lifecycle

    Utilize Existing Items and Structures

  • Identify items, structure components, and item class information defined in Oracle Product Management Cloud to use as the basis of your configuration model. Simple to complex (nested) models are supported, as well as transactional item attributes (in which values are determined through a configuration session).
  • Simulate Model Behavior Prior to Release

  • Design, build, and test business logic, model behavior, and overall user experience prior to release.
  • Manage Configurator Model Changes

  • Incrementally release delta changes into production, leveraging comprehensive impact analysis and validation checks to ensure quality.
Product Lifecycle Management Successes

Customer Stories

Addiko Bank logo

Addiko Bank Enables Employee Idea Generation with Oracle Cloud

 
The key improvement with Oracle Innovation Management Cloud has been affording every employee the right to give ideas knowing that every idea will be taken into consideration—and you find out that you have very smart employees who really want to help you build a better company.
Adi Hadziosmanovic, Project Manager, Addiko Bank
Archrock logo

Archrock Sees Oracle Product Hub Cloud as the Key to Future Growth

 

Archrock

Archrock needed to streamline product data maintenance within their organization to be competitive and for future growth. Using Oracle Product Hub Cloud as a foundation, Archrock was able to reduce approval time over 25% and look-up time 30 to 40%.

The Nature's Bounty Co. logo

The Nature's Bounty Co. Boosts Innovation with Oracle Product Lifecycle Management Cloud

 

The Nature's Bounty Co.

Hear how The Nature's Bounty Co. is using Oracle Innovation Management Cloud to harness the power of their entrepreneurial spirit by efficiently and effectively capitalizing on new ideas.

Symantec logo

Symantec Replaces Agile and Multiple Systems with Oracle Product Lifecycle Management Cloud

 

Symantec

In order to streamline the product launch process, Symantec replaced Agile and multiple other systems with Oracle Product Lifecycle Management Cloud to simplify their process and reduce go-to-market time from 3-4 weeks to 3-5 business days.

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