X
Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
Get free sample report

Compare Software Solutions
Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 innovation definition


Managing Product Innovation
Inadequacies at the front end of the product development process is one of the leading causes of product failure for consumer products companies. Many companies

innovation definition  SAP solution for product innovation management is essentially a tightly integrated bundle of two proven SAP products: SAP xApp Product Definition (SAP xPD) and SAP xApp Resource and Portfolio Management (SAP xRPM). SAP xPD provides idea management and concept development capabilities whereby concepts are created from discrete ideas and thoroughly assessed individually. SAP xRPM provides key capabilities for strategic portfolio and resource management. SAP xRPM aggregates concept metrics so users can

Read More


Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Discrete Manufacturing (ERP)

The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today’s leading ERP systems group all traditional company management functions (finance, sales, manufacturing, and human resources). Many systems include, with varying degrees of acceptance and skill, solutions that were formerly considered peripheral such as product data management (PDM), warehouse management, manufacturing execution system (MES), and reporting. During the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The foundation of any ERP implementation must be a proper exercise of aligning customers'' IT technology with their business strategies, and subsequent software selection. 

Start Now

Documents related to » innovation definition

What Is Sustainable Innovation?


A recent press release from Dassault Systèmes about its newly signed strategic relationship with BMW in the area of sustainable innovation caught my attention and made me think of its meaning. As usual, I went to Wikipedia but found that this term didn’t exist. The closest term I could find was eco-innovation, which is related to sustainable innovation but not the same in my opinion. So here’s my

innovation definition   Read More

The Need for Investment in Enterprise Innovation: Part One


Manufacturers throughout the world are scrambling to respond to ever-changing economic conditions, increasing (or at least fluctuating) material costs, and price-sensitive markets. Success depends upon agility, in particular a capacity to make fast and informed adjustments to strategic plans and continually reorder operational priorities to align with external factors and changes. Innovation is

innovation definition   Read More

Growing Food and Beverage Businesses: Innovation to Maximize Market Opportunities


Global demand for food and beverages continues to rise, and the market will pay a premium for partially prepared healthier choices. Food and beverage manufacturers with innovative solutions for these niche markets are in a position to gain brand dominance, resulting in higher revenues, profits, and market share. Discover tactical and strategic innovative practices that can help support changes in your business processes.

innovation definition   Read More

Embracing IT Innovation to Gain the Competitive Edge


To stay competitive, companies need to change—and they need to embrace change. Companies in the supply chain need to look for new and better ways of retaining their competitive edge. A key factor in successfully overcoming this challenge is your IT infrastructure. Managing out the complexity in IT systems means your IT spend will be directed towards increased productivity, not system upkeep and maintenance. Find out how.

innovation definition   Read More

The Next Wave of Online Business Innovation


The Web affects the way many industries do business. By using online booking systems and targeted Web marketing, airlines have undergone a paradigm shift in how they sell their service. Other industries have seen the Web’s impact on pricing, marketing, sales, and profitability. Learn about a Web service that can help your company better leverage the Web for a broader branding and marketing strategy.

innovation definition   Read More

Prix Innovation Ouverte 2012 - Bombardier Transport


TEC was honored as a 2012 laureate of the l’Association pour le développement de la recherche et de l’innovation du Québec (ADRIQ) Prix Innovations in the category of a collaborative project.

innovation definition   Read More

Summarizing PTC’s Decades of Fervent In-House Innovation (and Acquisitions) - Part 2


Part 1 of this blog series introduced Needham, Massachusetts, United States (US)-based Parametric Technology Corporation (PTC, NASDAQ: PMTC), which is an over US$ 1 billion large software company that develops, markets, and supports product development software solutions and related services. The article analyzed the company’s genesis from its inception in 1985 through the mid

innovation definition   Read More

Service Delivery Innovation: Creating Client Value and Enhancing Profitability


The rules for success in today’s fiercely competitive market are constantly changing. Through service delivery innovation, a company can differentiate itself. But how do you change your service delivery methods to keep existing clients and entice new ones? A networked organization is one of six characteristics of successful service delivery innovation. Find out how you can put them into practice and attain the benefits.

innovation definition   Read More

Creating Innovation Breakthroughs in Industrial Equipment Manufacturing and Machine Assembly


Industrial equipment manufacturers have historically embraced shop floor improvements as a way of increasing efficiency and maintaining profitability. But in today’s radically altered industrial environment, there is a clear imperative to look beyond the shop floor. To hold down costs and compete against other low-cost companies, manufacturers must find areas of improvement in all aspects of business.

innovation definition   Read More

ERP in High Tech: Driving Innovation with Insight


This Aberdeen report demonstrates the ways in which leading high-tech manufacturers are using ERP to improve their business, along with the results those organizations have obtained. Download this report for data on top business drivers impacting ERP strategies, top strategic actions, the impact of ERP on capabilities, and more.

innovation definition   Read More