A typical company wastes 46% of its product development budget on ideas that never become products, or on products that ultimately fail.* To improve performance, organizations must be able to evaluate new product ideas and make the right decisions on innovation opportunities early in the development process.
The capabilities of Sopheon’s portfolio management software enable companies to more effectively prioritize product ideas, focus resources on the most promising opportunities and bring the right products to market on time. Create portfolios of product variants, establishing a single source of truth to drive successful planning across marketing, engineering, manufacturing, and other key functions involved in product lifecycle management.
Supported by centralized access to consistent, reliable data, users are able to evaluate the trade-offs among risk, reward, cost and other considerations to make more informed Go/Kill NPD decisions, even for highly complex product portfolios.
- Handle all portfolio decision-making and prioritization within a single integrated PLM system
- Align resources with your company's strategic growth objectives
- Make the right new product investment choices
- Accelerate time-to-market for critical projects
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* Source: PDMA Foundation, CPAS Survey, 2004