Product Information Management: Your Digital Link to the Cloud

Executives

How do you leverage product information to continuously adapt to changing market conditions and deliver stakeholder value?

As an executive, you need to lead your organization effectively through digitalization so that it excels.

Product data mastery will enable you to leverage product information to continuously adapt to fluctuating market conditions, and make decisions that impact top- and bottom-line revenue.

As you continue to maximize your investments with precise product data in the cloud, you can have confidence that PIM in the cloud scales with your growing business. Accurate and timely information will empower your business with innovation and meaningful business-process transformations.

Tailored Action Plan

Executives

Your Challenge

"Help me leverage information about our products to improve profitability and competitiveness."

Your Objective

Increase revenue, expand market share, and enhance customer experience while reducing operational inefficiencies and IT costs.

Your Action Points

Establish a strategy to manage and govern product information effectively to support key enterprise processes.
Ensure business divisions and trading partners have timely, consistent and accurate product information.
Evaluate applications that are built on a single platform and are tightly integrated to support business processes.
Consider a cloud strategy to reduce IT costs and increase business agility.

IT Professionals

How do you manage the cost of data growth with a limited IT budget?

IT professionals like you face immense pressure to rapidly enable digital transformation and deliver high business value without disruption. One great advantage of a cloudbased PIM solution is that it can be deployed as your first application in the cloud. This approach establishes a clean and accurate item master that can seamlessly integrate with your on-premises ERP and supply chain applications and adapt as you grow, especially as you take on Internet of Things, big-data and social-monitoring initiatives. Help derive immediate value without having to rip and replace legacy applications, which can be costly and culturally very difficult.

When the decision is made to transition SCM or ERP processes fully to the cloud, IT teams can benefit from the foundational item master provided by a best-practice PIM application in the cloud. They avoid replicating item data or building any new integrations to run end-to-end processes in the cloud, instead continuing to uptake new functionality for your ongoing product data-management needs without having to upgrade your existing ERP systems or disrupt your business processes.

Tailored Action Plan

IT Professionals

Your Challenge

"Help me turn data growth into business value on a limited IT budget."

Your Objective

Effectively support business requirements with the right tools and processes.

Your Action Points

Consider the cloud for rapid deployment, low costs, and business agility.
Leverage purpose-built applications that are simple to configure.
Prioritize single-platform applications that are preintegrated.
Enable metadata-driven customizations that are upgrade-safe.

Product Managers

How does your organization obtain first-to-market, right-to-market advantages?

As a product manager, you need to speed product readiness for commercialization. Product data mastery will accelerate product development from ideation to commercialization (I2C) with a simplified approach to product information.

A product master data solution in the cloud aligns ideation and commercialization by taking a holistic approach to introduce the right product or service on time and on budget. Maintain a competitive edge by focusing on how valuable intellectual property is created, maintained, secured, validated, utilized, and reutilized.

It also empowers you to collaborate earlier in the product design and commercialization process for maximum creativity, validation, and optimization so that the best and most competitive product or service is released. Visibility into business processes enables you to make the best product development decisions and quickly execute pivots when needed.

The figure below shows the improvements a controlled model can deliver, such as the faster release of next-generation products and a higher cash flow during each phase of the product lifecycle.

The Product Lifecycle Curve

For organizations without a dedicated product lifecycle management (PLM) solution, a product information management (PIM) solution can become the initial source of new product data, providing the level of governance, control, and visibility that is required to efficiently define new products. A cloud-based product PIM solution offers even more flexibility by providing web-based 24/7 access for the organization and its supply chain.

Tailored Action Plan

Product Managers

Your Challenge

"Help me get the right products to market first."

Your Objective

Improve efficiency and productivity when managing product data.

Your Action Points

Centrally manage products, structures, digital assets, catalogs, and item relationships.
Enrich products through a guided workflow.
Get real-time validation on data errors.
Collaborate socially with other business stakeholders.
Consider a cloud strategy to take up new features rapidly.

Operations and Supply Chain Leaders

How agile are your operations and supply chain organizations?

With potentially hundreds of attributes required to make a product operational, and thousands of places where errors can propagate throughout your system, your organization needs a PIM hub to maintain accurate information and reduce costly scrap and reworked projects.

With a strong foundation of accurate product information in the cloud, you can execute your key end-to-end supply chain initiatives including perfect orders, the Internet of Things, strategic sourcing, and more. A PIM solution delivers a single source of truth so that new products and item-data corrections flow through your organization’s internal and external pipelines to deliver clean and consistent information across your end-toend business processes. You can also manage rapid setup and leverage change control for manufacturing; configure, price, and quote (CPQ); order management; and warehousing.

Tailored Action Plan

Operations and Supply Chain Leaders

Your Challenge

"Help me improve access to accurate product information to cut costs and drive revenue."

Your Objective

Minimize erroneous transactions and optimize supply chain efficiency.

Your Action Points

Streamline maintenance of SKUs and inventory items across multiple divisions and geographies.
Minimize inventory and item proliferation.
Rationalize items across business divisions to reduce procurement costs.
Cross-reference product codes to identify the right products for order fulfillment.
Enable effective collaboration with trading partners and third-party logistics providers.

Learn more at www.oracle.com/producthub

Product Information Management: Your Digital Link to the Cloud

Tailored Action Plan

Executives

Your Challenge

Your Objective

Your Action Points

Tailored Action Plan

IT Professionals

Your Challenge

Your Objective

Your Action Points

The Product Lifecycle Curve

Tailored Action Plan

Product Managers

Your Challenge

Your Objective

Your Action Points

Tailored Action Plan

Operations and Supply Chain Leaders

Your Challenge

Your Objective

Your Action Points

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