Organizations are constantly seeking robust solutions to manage the entire product lifecycle, from initial concept and design to manufacturing and eventual retirement. This is where Oracle Product Development steps in. As a comprehensive cloud-based solution, Oracle Product Development offers an advanced suite of capabilities designed to streamline processes, foster collaboration, and accelerate innovation.
This article will explore the key features, benefits, and integrations that make Oracle Product Development a vital tool for modern businesses seeking to transform their product development journey and drive faster innovation across key business units.
What is Oracle Product Development?
Oracle Product Development is an enterprise-grade product lifecycle management system within the Oracle Cloud landscape designed to help organizations manage critical business objects and products, reduce the risk of error, and optimize the reuse of product components. It provides an efficient product development methodology, enabling users to maintain a comprehensive enterprise product record and improve productivity across the end-to-end product lifecycle.
By enabling businesses to accelerate innovation, improve collaboration, and streamline processes, the Oracle Product Development solution ultimately helps organizations go to market faster and ensure the delivery of high-quality, profitable products.
Key Features and Business Objects
Structures
Allow users to gather items with associated manufacturer parts and documents into a comprehensive Bill of Materials.
Items and Documents
Introduce new items and documents into the enterprise environment and enable users to add or update information to them with specifically defined characteristics.
Searches
Search and find items, documents, manufacturers, manufacturer parts, and change orders through simple or advanced search features.
Change Orders
Manage change orders for items, documents, structures, AML, and attachments and analyze the impact of the change on existing business processes.
Quality Issues and Actions
Deliver, process, and manage change orders for Quality Actions and Quality Issues within the Quality Management work area.
Lifecycle Phases
Evaluate production readiness at every phase by differentiating between items with revision-specific lifecycle phases and those with calculated item grades.
Pre-production Proposals
Establish and integrate Concepts or Requirements from Oracle Innovation Management Cloud applications within the Product Development environment.
Manufacturing Handover
Facilitate the efficient handover of items, structures, and documents to the manufacturing environment and track their downstream movement to production and commercialization.
AML
Manage key manufacturer parts associated with any part or item through an Approved Manufacturers List (AML) in the Product Development landscape.
Facilitating Integration into the Production Environment
Organizations with a decentralized approach to supply chain, development, production, and other relevant ERP systems often face challenges with scattered engineering and supply chain data, leading to production delays, data inaccuracies, and budget overruns.
By consolidating product data and processes from existing ERP and supply chain systems and providing a comprehensive foundation for cloud strategy operations, Oracle Product Development empowers users to seamlessly integrate product development with actual production. This allows product development teams to complete core pre-production and commercialization activities to prepare for the final launch into the production environment.
With the centralized product record in the Oracle Product Development landscape, users can better prepare key manufacturing and supply chain partners with operational data and outline plant-specific variations for complex product structures, further optimizing the product launch process.
Get Started with Oracle Experts
By seamlessly integrating with internal client teams, Surety Systems brings deep Oracle knowledge and strategic guidance, delivering a collaborative approach that meets your organization’s unique project needs and objectives.
Our senior-level Oracle consultants support critical implementation, integration, and enhancement initiatives across your Oracle Product Lifecycle Management environment, helping to mitigate risks across key sales channels and drive continuous improvement over time.
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