Product Portfolio Management

Products are becoming increasingly complex as consumers demand more personalized features to fulfill their needs. To stay ahead of the competition and market trends, companies must transition from traditional design processes to an approach that supports the definition of a product that can be highly configurable.

ENOVIA's Product Portfolio Management solution enables product planners to establish product management procedures throughout the new product introduction process and beyond. Capabilities are provided for managers to manage portfolios of product families by defining product lines and model hierarchies of current and future products. The conceptual products definitions serve as a framework for defining variant products that are configurable and drive the generation of bill of materials (see BOM Management solution). These definitions can be reused across multiple series of products to satisfy differing market demands and provide many potential capabilities.

ENOVIA's Product Portfolio Management solution helps you plan your product lines and model hierarchies of current and future products according to customer needs, market shifts, and technology innovation. Throughout the product lifecycle, product functionality, design, and test specification are tracked for each new product feature.  As products move through their development, changes are inevitable and must be systematically managed. A cross-functional change management process enables and maintains the integrity of the original reported problem to the internal resolution. ENOVIA's PLM system gives management realtime visibility to the product portfolio development status so that crucial changes to product specification can be conducted swiftly and be properly communicated throughout the extended development team (see Change Management solution).