Executives in companies are being measured on how effectively they can commercialize products while achieving target margins and making efficient use of capital.
To achieve this, executives in the company must have access to relevant product operations process metrics and trends so that they can drive the company towards operational excellence. Having this direct visibility and accessibility to relevant product and product operations process information from anywhere, is a critical success factor. In addition, when things go wrong, executives need quick answers to the troubled processes and pointers to possible root causes.
As part of the overall strategy and the efficient capital challenge that companies are facing, product development organizations are focusing on specific core competencies and partnering for product design and manufacturing with other companies. This environment is creating a strong need for sharing of accurate product information both within the enterprise as well as throughout the supply chain.