How Does Oracle Agile PLM Benefit the Business?

In this era of digitalization, different product-oriented industries, including retail, food-beverage, pharmaceuticals, high-tech industries, and manufacturing, are facing some acute challenges to sustain in the global market. These product-oriented industries need to implement innovative, effective, and agile approaches in their product development and commercialization processes if they want to thrive in this challenging environment. The weak points in the product development processes might become fatal in the value chain process of the business.

To mitigate all the challenges and ensure sustainability, businesses need a streamlined approach that ensures effective handling of the product life cycle. Oracle conducted comprehensive research on the product-oriented industries to enable this streamlined approach known as Oracle Agile Product Lifecycle Management.

Oracle Agile Product Lifecycle Management handles the product’s complete life cycle from the initial resource collection to retirement. Along with being a technological solution, PLM focuses on rapid growth, shuttered quality management, cost-effectiveness, system agility, cross-functional collaboration, and risk reduction.

Benefits of Oracle Agile PLM For Your Business

There are many features and functionalities in Oracle Agile PLM that offer great benefits to businesses and enable them to manage their products portfolio. Products documentation becomes easy, and you can easily look up a product history and quality issues that occurred in the past. Less time will be spent on blind research, more rapid improvements, less documentation, and testing and feedback speed up learning. Businesses can reap the following benefits from this technology:

Better Quality Product

Oracle Agile PLM enables businesses to enhance the quality of their products according to customer requirements by gathering information on quality and taking corrective steps to fix gaps. It enables the business to create innovative products that lead to a robust organization. This system integrates product and consumer data, providing teams direct access to customer feedback throughout the entire product lifecycle. The metrics such as customer loyalty, unit sales, and adoption can improve new products that are in pipelines.

Data-driven insights help in prioritizing and planning for success. Product issues can be tracked easily for better product quality in the future and a faster go-to-market.

Reduce Risk

Oracle Agile PLM provides a complete view of the product quality data to operations and engineering teams linked to the product record. Rather than using a separate quality management system to track compliance and quality-related issues, integrated Oracle Agile PLM helps in eliminating duplicate data entries, productivity challenges, and potential errors.

Collaboration

Oracle Agile PLM solutions fosters collaboration between internal team members and vendors. All of the product development processes are documented on a centralized location, and the platform increases accountability across all internal teams. This tool offers great collaboration.

Timely Delivery

Oracle Agile PLM allows businesses to recognize customers’ requirements better and manufacture products accordingly. It ensures timely delivery of products to the market and helps businesses to speed up the delivery processes.

Enhanced Productivity

With Oracle Agile PLM, all the product records, including documents, workflows, communications, and designs, are compiled in a single location that enhances overall employee productivity. Your teams don’t have to dig through emails to find the latest project updates and design files. They can access, search and reuse data easily and quickly, and focus more on product innovation.

Cost Management

Oracle Agile PLM offers a holistic view of the entire product lifecycle so that manufacturing teams can find product parts and materials that are cost-effective and durable. A complete understanding of product lifecycle helps in preventing over-or-under buying materials. Manufacturers can see from the comprehensive database which parts can be reused and avoid ordering duplicate parts or missing out on bulk pricing.

Time To Market

Oracle Agile PLM helps businesses access the data globally anytime and from any platform. Employees can access, review as well as approve product design from anywhere and almost on any device. This platform helps businesses reduce their total Cost of Ownership (TCO) and Total Cost of Implementation (TCI), driving faster time to value.

Conclusion

To achieve the highest quality outcomes from Oracle Agile PLM software, product lifecycle management must be integrated into the business's entire supply chain management process. Oracle Agile PLM offers a comprehensive solution for businesses to compete globally and deliver the highest quality products. It enables enterprises to achieve their competitive goals, including cost management, quicker market speed, integrated capability, quality enhancement, and lessen duration to volume.

To leverage the powerful features of Oracle Agile PLM, businesses need to consult Oracle Partner vendors. One such organization is Xavor Corporation. Xavor helps enterprises manage their PLM infrastructure, maintain solid health checks, build customize add-ons, and upgrade to a newer version.