CIMdata PLM Industry Summary Online Archive
21 April 2010
Product News
SAP® Solutions for Portfolio and Project Management Help Turn Ideas Into Reality
Companies are constantly under pressure to make smarter, more focused investments and cannot afford to waste resources on ideas that may not come to fruition, especially when studies show that roughly 75 percent of all new products fail to achieve their expected results.(1) Making the right decision when investing in products and services is critical. To help companies have the early insight they need, SAP AG introduced three new additions to the SAP® Product Lifecycle Management (SAP PLM) family, including the SAP® Portfolio and Project Management 5.0 and SAP® Enterprise Project Connection applications and code name "Edison." The software provides a clear view of overall project performance from idea to execution, helping companies deliver products and services on time and on budget. This announcement was made at the SAP Insider PLM 2010 event being held April 21-23, in Milan, Italy.
Ongoing innovation, global price pressure and product liability are some of the challenges many businesses must overcome in order to grow, compete and perform in line with shareholder and consumer expectations. Open innovation is helping many companies tackle these issues; however, keeping track of the relevant information and processes can be difficult. SAP Portfolio and Project Management, SAP Enterprise Project Connection and "Edison" can be used separately to address specific issues or together as an end-to-end solution linking ideas and strategy with the necessary project data, workflows and business processes, enabling portfolios and project management to run smoothly from start to finish.
Collect and Manage Ideas to Address Customers Wants and Needs
Understanding what the market wants when it comes to products and services is the key to success. Currently in early adoption phase, "Edison" offers companies the ability to harness the innovation potential inside and outside an organization by providing an open environment for contribution and participation. The solution manages the lifecycle of ideas by integrating with a company's portfolio and product management system, allowing transparency and consistency of the idea management processes while boosting creativity for new innovative products.
Comprehensive Enterprise Portfolio and Project Management Improves Profitability
The new SAP Portfolio and Project Management application helps companies make the right decisions on innovation opportunities early in the development process by aligning activities, resources and budgets associated with new projects and portfolios.
Real-Time Information Access Increases Visibility and Eliminates Risk
SAP Enterprise Project Connection helps companies better manage time-sensitive project information across their project and portfolio management applications. The solution connects third-party applications and delivers templates that manage critical information, data and workflows within a company's portfolio and project management solution, helping companies to reduce the cost and timeline associated with the deployment of new products and services.
"Continuous product and service innovation is critical for companies to increase profitability and introduce competitive products and services to market quicker," said Hans Thalbauer, vice president, SAP PLM, SAP AG. "SAP provides a unique solution addressing multiple industry needs enabling early identification of opportunities and risks, resource allocation, budget tracking and timeline management, helping companies plan and execute successful projects."
(1) IRI Times & Trends, "2008 New Product Pacesetters: The Role of Innovation in a Down Economy," March 2009
Next Major Event: SAPPHIRE® NOW Conference
With SAPPHIRE® NOW, SAP marks the next evolution of its SAPPHIRE customer conference and networking events, offering SAP customers, partners and prospects even more opportunities to engage in dialogue with peers, participants and thought leaders around the globe. Being held simultaneously in Orlando, Florida, and Frankfurt, Germany, May 17-19, 2010, this enhanced, real-time event will connect attendees on site with global participants through state-of-the-art broadcast studios and a newly designed online experience that incorporates the latest social media and community functionality. Whether onsite or online, participants can gain insight on how innovative business solutions from SAP are enabling long-term, profitable, business growth. For more information about the Orlando show, visit www.sapandasug.com; for the Frankfurt event, visit www.sap.com/sapphire/emea. Join the conversation via Twitter at @SAPPHIRENOW.
(*) SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.
Follow SAP on Twitter at @sapnews.
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