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Software Evaluation Features and Functions

Before you can begin comparing enterprise software solutions, it's important to understand the features and functions that you need to run your business.Below, you'll find links to comprehensive models of features and functions for several types of enterprise software, accounting, asset management, business intelligence (BI), content management systems (CMS), enterprise resource planning (ERP), human capital management (HCM), product lifecycle management (PLM), product portfolio management (PPM), relationship management, and supply chain management (SCM). These feature/function models can help you better understand vendor offerings as you compare software solutions, including

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Product Lifecycle Management (PLM) Features and Functions

This comprehensive product lifecycle management (PLM) knowledge base models modern product and design-related aspects of PLM for both discrete and process industries. It details product development and portfolio management, manufacturing process management, ideation and requirements management, service data, and regulatory and compliance criteria. This comprehensive knowledge base incorporates the criteria of TEC's other PLM knowledge bases.

Manufacturing Process Management (MPM)

The Manufacturing Process Management Knowledge Base addresses the processes associated with Manufacturing Engineering, or Digital Process Design, including the design, documentation, validation, management, and communication of production processes to both internal and external entities.Manufacturing process management (MPM) is a discipline that provides better planning, design, and simulation of product processes for manufactured items. MPM focuses on developing and implementing optimal production capabilities to produce products at competitive costs. MPM covers a number of different areas, with a strong focus on the simulation of production processes, which leads to the term "digital manufacturing." Benefits of MPM include lowered costs, faster time to mass production volume, higher quality, better design for manufacturability, and many others. MPM provides the tools required by manufacturing engineers to plan and deploy optimal facilities and processes. MPM is a complementary solution to most product data management (PDM) systems, providing additional focus on the actual work required to produce the products.

Ideation and Requirements Management

New product ideas and requirements come from many sources. Customers, suppliers, employees, and partners can be a source of valuable feedback on existing products and ideas for new products. Capturing these ideas in a central location so they can be reviewed and scored for consideration in an efficient manner can lead to breakthrough product innovations and new sources of intellectual property.

Service Data Management (Discrete)

Service data management provides a central repository of product-related information that covers the lifecycle of the product. The current status of the product and its history it captured so that all phases of the product's life are visible. Product service data is primarily applicable to discrete items such as machinery and electronics.

Regulatory and Compliance

Regulatory compliance covers the requirements for ensuring products and their associated materials comply with both external and internal rules and regulations. It covers regulatory and requirements needs, as well as product related components of environmental health and safety (EH&S).

Application Technology



Core PLM for Discrete Industries

The core PLM criteria cover the base foundation of PLM for discrete manufacturing industries. It covers design and product-related aspects of PLM including management of material specifications, product structures, production processes, design tools, document management and design collaboration.



Core PLM for Process Industries

The core PLM criteria cover the base foundation of PLM for the process (or recipe-based) manufacturing industries. It covers design and product-related aspects of PLM including management of material specifications, recipes, formulas, production processes, design tools, document management and collaboration.



Product Development and Portfolio Management

Product development and portfolio management criteria cover the processes for executing new product development projects and programs, including phase-gate processes. This also covers product portfolio management (PPM) including the processes for evaluating new and existing products and product portfolios to provide the most valuable, balanced, and well-aligned portfolio of products. Portfolio management adds discipline and structure to determining which products and product innovations should be pursued. Portfolios of existing products, as well as product innovation investments can be rated and prioritized based on financial value to the business; strategic value to the business; optimal balance of products and product investments; and available resources. By providing an unbiased decision support environment, companies can take product decisions beyond politics to strategic, business decision making.



Product Information Management (PIM)



Product Lifecycle Management (PLM) Features and Functions
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