Agile product lifecycle management is an affordable and intuitive solution that helps companies of all sizes to develop, manufacture and deliver products effectively and efficiently. It helps you to coordinate and manage the entire lifecycle of the product – right from its conception till the end of its life. It is a perfect solution for organizations to overcome complexities and challenges posed in developing new products for the global market.
In order to emerge successfully a company must design, develop, test and market its products effectively. Product management helps you to develop innovative products that customer’s love. In order to define, build, deploy and maintain products and services that provide more value, help build a sustainable competitive advantage and ensure immense financial benefits to the business it is crucial to use the Agile PLM.
What is Agile Product Lifecycle Management Software
Agile product lifecycle management helps you to strategically manage the entire lifecycle of a product – right from the ideation phase through the retirement of a product. Hence this is the broadest and most comprehensive software that helps you to innovate profitably, centralize product data, streamline the processes and help in the quick and easy launch of products and services.
It is ultimately a dramatic transformative business strategy that enables superior product management right from inception to retirement. No wonder it is touted as incredibly amazing software that helps customers across the globe to bring newer, better and more efficient products and services. Agile’s PLM solutions are incorporated in a variety of industries including hi-tech, industrial manufacturing, consumer packaged goods and life sciences. In short it focuses on rapid innovation, process efficiency, risk mitigation, cost-effectiveness and to deliver more business value by optimizing profitability.
Various Agile Product Lifecycle Management Products
1. Agile Product Collaboration
Agile product collaboration aims at creating a collaborative environment that helps you to connect globally by increasing visibility to a broader product community. It is a set of solutions that helps you to manage and share product information across your company and extended supply chains. It aims at providing a secure access to the product information, establishing a streamlined change management process and effectively synchronizing the manufacturing systems with the current product record. It is highly beneficial to the organization as it reduces time to volume, increases time to market, lowers product cost and improves employee efficiency.
2. Agile Product Quality Management
It forms the foundation for the company’s quality management environment. It helps to effectively streamline the product quality processes by tracking and gathering the information related to the quality of the product. This helps companies to identify product defects, initiate corrective measures and improve the next generation products. This helps various organizations to improve regulatory compliance, enhance customer satisfaction and save on warranty and expensive service costs. In short it helps to make better product strategy decisions.
3. Agile Product Portfolio Management
The highly competitive global business market, the complexities that prevail in the supply chain and the growing customers demands makes it impossible to attain sustainable growth and improve profitability to the business. This software helps in effectively maximizing product development investments, optimizing resource usage, resolving problems quickly, ensuring better decision making support and aligning your products to marketing and financial objectives. In short it helps you to accelerate the creation and introduction of a profitable product.
4. Agile Product Cost Management
It helps companies to effectively manage direct material sourcing across the entire lifecycle of the product and make informed decisions. Hence, it helps companies to reduce the material costs, gain control over the current product record, manage product cost, negotiate and interact better with suppliers, minimize supply chain risk and maximize supply chain effectiveness.
5. Agile Product Governance and Compliance
It aims at providing a systematic approach towards effectively managing all aspects of product compliance. This ensures that the products and services created by the company adhere strictly to the industry standards and regulations. Creating and designing compliant products minimizes operating costs and reduces the costly risks associated with business interruptions and closures. Hence, it is mandatory that the products must necessarily comply with the standards and regulations emphasized by the statutory bodies.
6. Agile Engineering Collaboration
This encourages precision engineering and design innovation that helps companies for a seamless transition from engineering to manufacturing. This invariably reduces errors, minimizes direct material costs, drives innovative skills, boosts engineering efficiency and accelerates profit levels. In short, it encourages the design teams to come up with innovative and creative product designs and promote them in the market.
7. Autovue Enterprise Visualization for Agile
This helps in better business decision making process, delivering products faster to the consumer market and thereby increasing the revenue and profitability of the company. Usage of visual information helps in making better decisions and improves business performance. This visualization platform delivers top-notch document and securely collaborates capabilities to make better decision making across the product lifecycle.
8. Oracle Product Lifecycle Analytics
This helps companies to gain a better insight into the large volumes of product lifecycle data and make informed decisions aligned to business goals. With better knowledge and visibility into the new product one can mitigate products risks, ensure better product quality, increase responsiveness to product complaint and maximize customer satisfaction. Enhanced product quality eliminates the need for any corrective action and creation of failure products. This ultimately ensures rapid time to value and high rate on investments.
Conclusion
If you are on the lookout to accelerate product innovation, manage the product record, shoot profitability and keen on optimizing the global network then this is a perfect product for you. With product lifecycle management you can craft innovative and creative product designs, launch products faster, extend unlimited support and improve customer satisfaction. With this technology your company is sure to achieve its business objectives like never before.
With product lifecycle management you can streamline everything from the product conception to the end of the product life. To lessen scrap and rework, improve product quality, reduce recurring costs and collapse time to market agile product lifecycle management is the perfect choice for your business.
