• The Finding PLM to Fit Mid-Sized High-Tech Companies ebook explains how smaller companies in the high technology industry find themselves stuck between full-featured Product Lifecycle Management (PLM) systems that feel out of reach and less capable solutions including cloud-based file sharing or very basic data management applications. They know they can’t afford the errors and inefficiency inherent to informal data and process management, but can’t afford a large time, resource, and financial investment to fix their problems. Unfortunately simple solutions like web file sharing, while very attractive, fall … [ read more ]

    Finding PLM to Fit Mid-Sized High-Tech Companies
  • The How-to Guide to Transitioning from 2D CAD to 3D CAD  shares best practices for moving from 2D to 3D. The guide shares the reasons you should consider going from 2D to 3D, common challenges to avoid, and benefits enjoyed by other companies who gone to 3D. The guide then shares advice to make your switch from 2D to 3D CAD a success. The recommendations were developed by analyzing the responses of Top Performing companies and comparing them to Average Performing companies.This eBook is one in a series of three:Transitioning from 2D CAD to 3D CAD Migrating from 3D CAD to a new 3D CAD Adopting … [ read more ]

    Best Practices for Going from 2D to 3D CAD
  • The Reducing Cost of Quality in CPG report shares perspectives from a survey of over 175 CPG companies to determine how Top Performers manage consumer packaged goods quality. The research finds that these leading companies are able to achieve better quality results with lower internal costs. The report analyzes their processes, organizational structures, and enabling technology to determine how they can get better quality results without placing a financial burden on the business.Please enjoy the summary below, or click the report to download a PDF overview (free of charge, no registration … [ read more ]

    Reducing Cost of Quality for Consumer Packaged Goods (survey report)
  • What type of experiences prepare engineering students the best for "real world" industry work? What should new graduates know when they start their first job?Please share your experience, thoughts, and lessons learned in this new survey on the engineering skills gap. We are exploring questions such as, what types of things do you look for in a new graduate? How can engineering colleges and universities improve their curriculum to better prepare students for today's modern products?  What concerns do you have about the future engineering workforce?Developing the future workforce is critical to the … [ read more ]

    What Skills Do You Wish Engineering Graduates Had? (Survey Invite)
  • This infographic shares the importance of developing a cohesive digital thread when developing formulated products in the consumer packaged goods industry. The digital thread should be driven by customer requirements and incorporate the recipe / formulation, specifications, packaging design, compliance information, claims, cautions, ingredients, labeling, artwork, and more to provide a full view of the product and it's design history. An effective CPG Digital Thread relies on an integrated Product Innovation Platform to connect product data from early in the front end of innovation through development, … [ read more ]

    The CPG Digital Thread (infographic)

Top 5 Misconceptions about Innovation Management Software



Tech-Clarity Insight – Top 5 Misconceptions about Innovation Management Software – Busting Myths to Improve Innovation, Time to Market, and Profitability discusses common misconceptions related to innovation, ideation, portfolio management, and project management software suites. These myths cause confusion and prevent companies from moving forward with important process improvements that innovation management software enables.

Please enjoy the summary below, or click the report to download a PDF overview (free of charge, no registration required). For the full report, please visit the Planview website (free or charge, registration required).

Table of Contents

  • Executive Overview
  • Why Innovate?
  • Why Enable Innovation?
  • The Five Myths about Innovation Management Software
  • Myth 1 – Process and Software Will Stifle Innovation
  • Myth 2 – Innovation Begins and Ends with an Idea
  • Myth 3 – PPM is Only for New Products
  • Myth 4 – Innovation Management Software Will Slow Us Down
  • Myth 5 – We Don’t Have Time and Resources to Implement
  • Getting Started, Practical First Steps
  • Conclusion
  • Recommendations
  • About the Author

Executive Overview

Product innovation is critical to differentiate and remain competitive in today’s fast-paced, global markets. Bolstering innovation to a core competency helps manufacturers drive higher revenue, lower cost, and mitigate risk. So why is it so hard for companies to improve innovation performance and drive meaningful business value?

Innovation management software helps drive this new business value. Enabling technology helps companies improve agility, productivity, and time to market by improving decision-making, visibility, and commercialization efficiency across the product lifecycle. “I am a huge proponent of tools that help innovation,” explains Erik Greenfield, Senior Director of Program Management at Immucor. “They are cost effective and help improve time to market.” The benefits available are compelling. As Tech-Clarity’s The ROI of Product Portfolio Management explains, the financial value comes from “a combination of increased revenue from higher sales volume and margin lift alongside reduced costs from better resource utilization, avoiding spending on low-value projects, and improved efficiency.”

Despite the proven value of innovation management software, companies are often held back due to misconceptions. Tech-Clarity has identified five common myths that prevent or slow companies from using software technology to improve innovation performance:

  • Process and software will stifle innovation
  • Innovation begins and ends with an idea
  • Product portfolio management (PPM) is only for new products
  • Innovation management software will slow us down
  • We don’t have the time and resources to implement a system

Clearing up these misconceptions allows manufacturers to put their innovation strategy into action. This paper offers insight to debunk these myths and offers practical advice on how to start improving innovation through enabling technology.




Speak Your Mind