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2PLM John Stark Associates |
Number 11 |
- Welcome Page 2 - Update Page 3 - News Page 4 - Brief lines | Welcome to this issue of 2PLM, an e-zine distributed every two weeks on a free subscription basis. This week's feature article introduces the subject of Product & Portfolio Management. It's the first in a two part series. The second part will describe application software planning and will identify some vendor sources. It will appear in the January 27, 2003 issue. This series was written by regular contributor Dick Bourke, a PLM/ERP consultant, and Tom Boyer, a new contributor with expertise in New Product Development. * Product & Portfolio Management: Part I - Overview * The Significance of Product & Portfolio Management For years, companies have struggled to manage the myriad of information-intensive activities in New Product Development (NPD) processes, such as coordinating design and development resources, launching marketing plans and deploying new designs for world-wide use. In the frenetic time compression atmosphere for reducing time-to-market and coping with 24/7 global product development, paper-based, or semi-manual methods for managing NPD are no longer adequate. Numerous knowledgeable sources validate management's heightened attention to the NPD process, citing product launch failures, missing Return on Investment objectives, and not delivering customer expected products and services. For instance, Pittiglio, Rabin, Todd, and McGrath (www.prtm.com) stated that approximately 70% of companies surveyed are dissatisfied with their results in managing NPD. Now, for superior NPD management, Web-based Product & Portfolio Management (PPM) application software is rapidly emerging within the broad scope of Product Lifecycle Management (PLM). The overall goal of using PPM software is to dramatically improve the success ratio of new products - maximizing the rewards while minimizing the risks. What is Product & Portfolio Management? To ensure a common understanding for this series, two definitions are: 1. Product & Portfolio Management (AMR, www.amrresearch.com) Applications that provide decision support tools for resource management at three levels of NPD management:
Each gate identifies and defines the relevant criteria for a change in direction (go/no go), and the value of the criteria, e.g. market conditions or resource availability. In addition, users identify associated metrics for analysis, all typically presented in some type of decision Dashboard. Project and program managers use process templates to monitor day-to-day activities and to initiate appropriate decisions and actions, such as adjusting resources and schedule dates. Templates may vary by type of process, for instance, NPD as contrasted to current product improvement. A typical template for NPD might include six combinations of stages and gates, starting with Initial Concept and finishing with First Customer Shipment. Portfolio Management - The Strategic Level of PPM Commonly identified as the "C" level interface ("C" - as in Chief Executive Officer), Portfolio Management (PM) provides the analytic perspective on a company's pipeline of new products. PM is an executive decision support tool used by executives to continually balance the risks/rewards of the product portfolio against a company's strategic objectives. To facilitate executive analysis, the PM level software typically provides a wide range of display options, pie charts, graphs, etc., with virtually unlimited choices for rolling up, filtering, and grouping projects or programs to focus on specific types of markets. Risk/reward bubble charts show Expected Commercial Value, or Net Present Value. The bubble size and color often represent risk, priority, or resource requirements for ease of comparison and tradeoff analysis. X and Y scales may represent revenue vs. cost, impact vs. probability, market share vs. distribution costs, or other parameters relevant to a company's business strategy. Consultants Preston Smith and Donald Reinersten stress the value of PM (1) : "The process of (NPD) quantification is ..a (n) analysis to determine how sensitive profits are to changes in key product parameters. Once we know how sensitive profits are to these parameters, we can trade them off against each other to maximize profitability. … managing new product development depends on balancing efforts toward these four key objectives:
Information Technology application software that enables new product development and deployment processes is now available. In the past, enterprises often relied on manual, or semi-manual NPD processes. In today's environment, however, product development at Internet speed requires and absolutely relies on the most reliable, timely information to enable the necessary processes that cross organizational and geographic zones. Some of the emerging NPD application providers for these processes will be discussed in the next article. Reference 1. Smith, Preston G. and Reinersten, Donald G., Developing Products in Half the Time, John Wiley & Sons, Inc., 1995, p23. Richard Bourke provides PLM/ERP strategic and operational consulting to manufacturing companies and software firms. Read his publications and contact him at www.bourkeconsulting.com. Tom Boyer is a consultant specializing in improving NPD processes. Contact him at www.create2deploy.com. |
![]() Reference Section Follow the link for books in the Product Development Library Configuration Management . Innovation Management . Performance Metrics . QFD Proposed ICP-35K Project In a recent issue we mentioned the proposed "Implementing CPD and PLM Technologies for 35,000 European Manufacturing Companies" project for the Sixth Framework Programme of the European Community for research, technological development and demonstration. The Expression of Interest for the project is on the European Commission's CORDIS web site at http://eoi.cordis.lu/dsp_details.cfm?ID=34920. The corresponding Call for Proposals has been made: Thematic call in the area of "manufacturing, products and services engineering in 2010". Identifier: [FP6-2002-IST-NMP] Closing Date: 24 April 2003 (first stage) http://fp6.cordis.lu/fp6/call_details.cfm?CALL_ID=10. Here is an updated list, by country, of the Consortium members participating in preparation of the proposal:
If you're based in the UK or Ireland contact Roger Tempest. If based in another EU country, or in one of the Candidate Countries, contact John Stark. Here are two documents that answer frequently asked questions: To avoid duplication of objective, scope and effort, we would also like to hear from people involved in other proposals that may be made in the area of "manufacturing, products and services engineering in 2010". EDM/PDM/PLM World Follow the links for : Vendors in the EDM/PDM/PLM World. Latest additions/modifications : MS2 EDM/PDM/PLM service providers. Latest additions/modifications : Altair Engineering EDM/PDM/PLM Conference and seminar organizations Conferences and Seminars in the EDM/PDM/PLM world CE2003 : 10th ISPE International Conference on Concurrent Engineering Madeira, Portugal. July 26-30, 2003 International Symposium on Product Lifecycle Management Bangalore, India. July 16-18, 2003 PTC/USER World Event Orlando, FL. June 8-11, 2003 ProSTEP Symposium 2003 Ruesselsheim, Germany. May 7-8, 2003 PLM World 2003 Anaheim, CA. April 28 - May 2, 2003 Cambashi Seminar 2003 Gaydon, England. April 9, 2003 Total Design Solutions 2003 Novi, MI. March 19-20, 2003 Collaborative Product Development and SRM Strategies for Aerospace 2003 Bethesda, Maryland. March 17-19, 2003 CAD case studies, CAD user stories DW Product Development, Inc. : Moldflow Adviser PocketSpec Technologies Inc. : ColorQA Color Comparison Device Polymer Technologies : Moldflow Jada Plastics : Moldflow British Telecommunications (BT) : GTX Bose Corporation : Ansoft Corporation Others General Interest Innovation Management Engineering Change Management Managing PDM in a changing environment Principles of Good Product Development Newsletters Engineering Data Management Newsletter - December 2002 issue Table Of Contents CPC/PLM Strategies : 2002 2PLM Media Sheet Advertisers of CAD, CAM, CAE, EDM, PCM, PDM, PIM, PLM, CPC, CPC/PLM and related systems and solutions. Read the 2PLM Media Sheet. Find out how to reach more than 30,000 customers with one mouse click. |
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News |
Bentley announced that it has executed an agreement to acquire Infrasoft Corporation, a global software and services company with operations based in the United Kingdom. Details LightWork Design announced the spin-off of its MachineWorks Division into a separate and independent company, MachineWorks Ltd. Details Moldflow Corporation announced that the company has acquired substantially all of the assets and the ongoing operations of Controle Processus Industriels (CPI) for approximately $800,000 in cash. Details Open Text Corporation and Eloquent announced that they have entered into a definitive acquisition agreement in which a wholly owned subsidiary of Open Text will acquire all of the issued and outstanding shares of Eloquent for cash consideration of up to US $6,720,000. Details * Financial * Geometric Software Solutions announced that consolidated net profit for the quarter ended December 2002 increased to Rs. 46.61 million, as compared to Rs. 37.39 million for the corresponding quarter last year, representing an increase of 24.6%. Details ![]() * People * Domain Systems announced Christopher Dress as Executive Vice President of Sales. Prior to joining Domain Systems, Chris served in various executive sales capacities with companies such as Sherpa Corporation where he held the position of Vice President of Sales, Agile Software serving as Vice President of Global Account Sales for the Medical Device Industry, and Precision Sales as Vice President and Principal. Details Proficiency announced it has added Joey Dusina to its sales management team. Prior to joining Proficiency, Dusina served as National Executive Corporate Manager at MatrixOne Inc. and National Sales Executive at Cimlinc, Inc. Details * Implementation * Autodesk, Inc. announced the successful integration of Autodesk Inventor software with the College of Technology's Mechanical Design Technology program at Bowling Green State University in Bowling Green, OH. Details Dassault Systemes, IBM, and EDAG Engineering + Design AG, announced the signature of a multi - million euro software contract covering company-wide design software migration at EDAG. Details Mentor Graphics Corporation announced that Alcatel's Raleigh, N.C. location has chosen the Mentor Graphics Board Station PCB design suite to standardize its design flows and methodologies. Details Moldflow Corporation announced that Polymer Technologies, Inc. is utilizing Moldflow Plastics Insight software to analyze a sophisticated part made out of a nickel-based super alloy for a leading aerospace manufacturer using a Metal Injection Molding Process. Details Pilgrim Software Inc. announced that Black & Decker's Hardware and Home Improvement (HHI) division has added Pilgrim's Maintenance System module to its existing Pilgrim Q&MIS (Quality and Manufacturing Information System) Enterprise Quality Management solution. Details SolidWorks announced that Crown Cork & Seal is using SolidWorks 3D CAD software to improve the machines that produce one-third of the world's food cans and one-fifth of its beverage cans. Details Speed to Market, provider of Concerto multi-project scheduling software, announced that National Aeronautics and Space Administration has selected Speed to Market's Concerto Software to manage product development projects at its systems analysis branch. Details Tecnomatix Technologies, Ltd. announced that electronic manufacturing services provider Victron Inc. has purchased US$200,000 of Tecnomatix eMPower solutions to lower production costs and increase quality and throughput. Details Workgroup Technology Corporation (WTC), a division of SofTech, Inc., announced that packaging equipment supplier Douglas Machine Inc. has selected ProductCenter to replace a homegrown data management solution. Details * Developments * Aras Corporation announced the release of Project Innovator, a new module for the Innovator Application Suite. Details ![]() Entrada Software, Inc., announced that the company's eChange Solutions document management product has met the qualifications of the Autodesk Inventor Certified Application Program for Autodesk Inventor 6 software. Details MSC.Software Corp. announced the availability of MSC.visualNastran 4D 2003. Details VX Corporation announced the next major version, Version 7, of its VX CAD/CAM software. Details 3D Systems Corp. announced it has released four new SL materials for its stereolithography (SLA ) systems. Details * Relationships * Cimage NovaSoft announced that it has joined the growing list of companies in the Star Partner Program of BEA Systems, Inc. as a One Star Member. Details Formtek, Inc. announced a partnership with the Advanced Concepts Center (ACC). Details Open Text Corporation announced a sales and distribution partnership with Informative Graphics Corporation to deliver visualization and collaboration capabilities through a plug-and-play integration of Brava! WebKit for Open Text's Livelink. Details * Other * ABAQUS, Inc. announced the new ABAQUS Teaching Edition program for qualified educational institutions. Details Cadopolis.com announced the release of its 100th AutoCAD add-on. Details Documentum announced that Business 2.0, a monthly business magazine has included Documentum in its third annual Essential Business Software Tool Kit, which is featured in its February 2003 issue. Details Documentum announced that EContent magazine has chosen Documentum as one of 100 companies that matter most in the digital content industry. Details EDS and the University of Memphis announced EDS has become a corporate partner in the University's FedEx Technology Institute and will contribute product lifecycle management (PLM) software, valued at $30.6 million, to the university. Details FileNET Corporation announced that its FileNET Web Content Management (WCM) product has gained significant momentum in the higher education market with leading universities seeking to create robust Web sites to provide academic information resources and tools for student recruitment. Details Framework Technologies announced the formation of the Framework Technologies Customer Advisory Council. Details ICAM Technologies Corporation announced the introduction of training for Virtual Machine, ICAM's new graphic NC post-processing software. Details INCAT announced it has combined the expertise of its automotive design and consulting groups to create an elite automotive product design curriculum for CATIA V5. Details MSC.Software Corp. announced that the Company's petition to the Federal Trade Commission for approval of a proposed MSC.Nastran licensing transaction with EDS PLM Solutions Division has been posted for public comment. Details PTC announced it is accepting entries for its eleventh annual PTC Awards competition, highlighting product development achievements using PTC solutions. Details PTC announced that Pro/ENGINEER Wildfire was recognized by Desktop Engineering Magazine with its December Readers Choice Award. Details Sun Microsystems announced that a group of leading IT vendors, consisting of Fujitsu Limited, Hitachi, Ltd., NEC Corp, Oracle Corp., Sonic Software, and Sun Microsystems, announced the publication of the Web Services Reliability (WS-Reliability) specification working draft. Details USPRO announced a study on the savings from using STEP. Details |
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