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Ensure strategic visibility to emerging opportunities, resource allocation, project P&L, and Total Cost of Ownership (TCO).
By synthesizing interdisciplinary information throughout all phases of the product lifecycle, Prodika's Portfolio Management provides a foundation for informed decision making. Prodika provides management teams with critical data to help prioritize new opportunities, maximize the value of NPD, manage existing products, and communicate strategy throughout the organization.
Business Benefits
- Unify product and process information continually throughout development cycles
- Create benchmarks for measurable product development performance
- Improve communication of product strategy and new opportunities
- Provide a foundation for SKU, raw material, and vendor rationalization and consolidation
- Increase the success rate for new product introductions by prioritizing new initiatives using real-time, fact-based information
Key Capabilities
| Comparative Analytics |
- Identify concentration of products by category, market, and channel
- Monitor performance among and between product portfolios
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| SKU Management |
- Integration with both New Product Development and End-of-Life Management helps minimize SKU proliferation
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| Resource Allocation |
- Visibility to resource allocation among and between portfolios helps prioritize investments based on capability and capacity
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| Closed Loop Management |
- Combining original value propositions and screening criteria with in-market performance helps build organizational competencies and improved decision making
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| Aggregate Planning |
- Aggregating key performance objectives, project scheduling, and milestones helps ensure visibility to new product development activities and status across multiple initiatives
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Balancing Portfolios
Modern organizations continually search for balance within their product portfolios. Prodika's Portfolio Management is designed to help management teams quantify the strategic fit and probability of both technical and commercial success of new and existing products. By measuring and managing concentrations of products using any number of criteria and constraints, Prodika supports your screening, prioritization, and investment decision making processes with accurate, up-to-the-minute information.
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