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  • On Thursday June 8, 2017  please join Michelle Boucher as she conducts a live interview with Mark Turner, Technical Manager for Development IT at Alcon, a Novartis Division. They will focus on key topics for medical device companies, including the Case for Quality. During the discussion, Michelle will share research on medical device industry trends. She will also discuss the implications for the Case for Quality and offered advice to efficiently manage regulatory compliance. Throughout the discussion, she will have an interactive conversation with Mark Turner. Mark will reveal how Alcon addresses their … [ read more ]

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  • This eBook shares survey results analyzing companies' ability to hit new product development (NPD) targets, then offers seven practical tips identified by the research as best practice processes, organization, and technology leveraged by the top performing product developers. The research provides recommendations to companies based on the approaches taken by the Top Performers, those that are able to outperform their competitors in revenue growth, margin expansion, and delivering innovative products to market. Please enjoy the summary below. For the full report, please visit our sponsor Autodesk (free … [ read more ]

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  • Medical Device companies have the opportunity to leverage digitalization and the digital enterprise to develop innovative products and bring them to market quickly. Watch this edition of Tech-Clarity TV to learn about the digitalization opportunity and stay tuned for the rest of the series detailing specific business improvement opportunities including: Digital design Digital design transfer Paperless manufacturing The video shares how medical device manufacturers are embracing digitalization and gaining significant benefits including faster time to market, increased quality, and improved … [ read more ]

    The Digitalization Opportunity for Medical Device Companies (video)

Product Portfolio Management in a PLM Strategy

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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.

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