• The How-to Guide for Adopting Model Based Definition (MBD) reveals advice and best practices for implementing MBD.  The guide explains why 89% of companies are happy they made the transition and benefits they enjoy as a result. The hardest part of adopting MBD is overcoming the cultural resistance to change. The guide identifies what other companies have done to make the adoption of MBD a success, both internally and with suppliers.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 model-based definition (MBD)Please … [ read more ]

    The How-to Guide for Adopting Model Based Definition (MBD) (eBook, survey findings)
  • How do leading manufacturers use cloud software to support product innovation, product development, engineering, and manufacturing?Please share your experience, thoughts, and lessons learned in this new survey on cloud software for product innovation and manufacturing.If you already completed the survey  –> please share with a colleague or on social media using the “Share/Save” buttons above. If you haven’t taken the survey  –> please: CLICK HERE TO TAKE THE SURVEY NOW!Complete the survey and receive a free copy of the final report. In addition, 25 *eligible respondents will … [ read more ]

    Cloud for PLM and Manufacturing (survey invite)
  • This infographic shares survey results about quality and cost management in the Consumer Packaged Goods industry. It visually communicates the results of our research that shows how Top Performing CPG companies are able to achieve better quality and better cost of quality, without trading one for the other. The research shares the methods these leading companies employ, including automation, integration, and a more holistic approach to managing quality.To learn more, please:View the full Stop Choosing Between Cost and Quality in CPG infographic from our sponsor Dassault Systèmes BIOVIA (free or … [ read more ]

    Choosing Cost versus Quality in CPG (infographic)
  • Jim Brown contributed a guest post, Innovation Platforms - the Operating System for the Digital Enterprise, on the value of innovation platforms published in the Dassault Systèmes' Navigate the Future blog. The post shares the value an integrated platform of solutions provides to engineers, the enterprise, and toward achieving digital transformation. The post also covers some basis of the innovation platform from people, process, and technology perspectives.Read the post now (free of charge, no registration required).   … [ read more ]

    Innovation Platforms are the Operating Systems for the Digital Enterprise (guest post)
  • Please join Tech-Clarity's Michelle Boucher, Mark Turner from Alcon Labs, and Swapan Jha from PTC on Tuesday September 12, 2017 for a discussion on the right software solution for medical device engineering. The discussion will feature an interactive discussion between the panelists coving topics such as:Challenges facing medical device manufacturers. Why to consider the complete product lifecycle with respect to:Managing product and requirements. Transitioning from document to product centric approaches. Enabling smart and connected products.The best selection criteria for … [ read more ]

    Selecting the Right PLM Software for Medical Device Engineering (webcast)

Product Portfolio Management in a PLM Strategy

Share

Issue in Focus: Product Portfolio Management in a PLM Strategy – Closing the Loop on Product Planning explores how engineering-centric businesses can take a more closed-loop approach between Product Portfolio Management (PPM) and Product Lifecycle Management (PLM) to extend the value of PPM. Discusses the benefits of closing the loop between theoretical plans and actual progress and results.

Please enjoy the summary below, or click the report or title above to download the full PDF (free of charge, no registration required).

Table of Contents

  • Introducing the Issue
  • First Things First – Get the Portfolio Right
  • Make it Feasible – Resource Planning
  • Make it Happen – Project Execution
  • Make it worth the Investment – Assess and Monitor Value
  • Close the Loop between Planning and Reality
  • Conclusion
  • Recommendations
  • About the Author

Introducing the Issue

As reported in Tech-Clarity’s Issue in Focus: The ROI of Product Portfolio Management, effective portfolio management can improve both top-line performance and bottom-line profitability. For this reason, manufacturers are increasingly adopting Product Portfolio Management (PPM) solutions to help improve portfolio management and new product development (NPD) execution. A well developed PPM program consists of four primary processes:

  • Select and Maximize Product Portfolio
  • Resource and Enable Pipeline
  • Execute and Manage Project
  • Determine and Monitor Product Value

PPM offers value to any business that needs to align portfolios with business strategy and maximize the investment of limited resources to accomplish their goals. For a manufacturing business, that means developing profitable products. But there are differences even within the manufacturing industries. Most of what has been written is about PPM for consumer goods, but PPM takes on different meaning for other industries. For example, Sandia National Labs is a multi-program engineering and science laboratory operated by Sandia Corporation, a Lockheed Martin Company. “For Sandia Labs, we need an integrated planning process,” explains Sharon Trauth, a Principal Member of Technical Staff for Sandia National Labs. “We need the ability to see what needs to be done, understand how that is funded, and then we need to take action.”

In some industries, such as consumer packaged goods, the connection between the commercial and technical aspects of product development project can be very separate. For other manufacturing industries and companies like Sandia, the tie between the project and the underlying engineering efforts are tightly linked. This paper explores how engineering-centric businesses can take a more closed-loop approach between Product Portfolio Management (PPM) and Product Lifecycle Management (PLM) to extend their benefits by closing the loop between theoretical plans and actual progress and results.

Speak Your Mind

*