 |
According to a recent study published by Arthur D. Little, companies worldwide are targeting to improve profit through better innovation management. On average, the top innovators get more than 10 times higher return from their innovation investment than the rest of their industry.
However, while business leaders point to innovation and successful product development as critical to their organization’s revenue growth and profitability, less than a third feel that this process is under Strategic and Financial control.
If you are looking at improving your innovation capabilities, IFT offers the most comprehensive management solution available on the market.
|
.........What the IFT solution does
......
IFT’s solution is helping companies to dramatically improve their innovation processes:
n Product Portfolio and Business Intelligence for decision making and active management of the product portfolio in response to external and internal changes..
...
n A scalable product lifecycle repository that consolidates management oriented product information and integrates with existing enterprise information systems.
....
n Automation of the Stage or phase-gate process for converting new ideas into successful products while controlling development cost,
risk, and funding priorities.
....
n Forward looking financial management for improved visibility, accuracy and control over revenues, capital and operating costs, in
terms of product budgets, forecasts and actual values.
....
n Limitless resource capacity simulations to optimize resource usage across the portfolio and across a matrixed R&D organization.
...
n Program and project management, the most advanced, easy-to-use project management system for organizations with projects and resource teams of all sizes..
...
n Integrated team collaboration capabilities around programs, projects and products..
...
n Role-based features that support executives, project teams, suppliers and customers needs for decision making, reporting and collaboration.
....
n Flexibility and portability with multi-configuration, multi-language, multi-currency and multi-platform support. |
Who are its typical Users
.....
Enterprise users of the IFT solution are executives, investment decision makers,
innovation steering group members,
resource managers, stage-gate process
managers and gatekeepers, product development teams, idea creators both
from within and external to the company,
product and financial planners, product marketing 
|
.......
What the solution replaces
......
As a fully integrated solution IFT replaces dispersed
and loosely integrated systems such as:
......
n Traditional project management tools that manage
only project and resource-related information without
linking them to product portfolio information
......
n Financial modules of ERP systems that are
unsufficiently linked to the product development process
......
n Desktop productivity tools like spreadsheets,
Microsoft Project or Powerpoint that lead to disconnected
and inconsistent product information
.....
n Home grown New Product Development systems
based on work-flows and document collaboration places like Lotus Notes
.....
n Niche NPD software packages which automates
only parts of the NPD process
| What the solution complements
......
The IFT solution complements the more technical
components of a Product Lifecycle Management(PLM) system.
Leading PLM analysts like AMR Research position
the type of solution provided by IFT as thr
“managing facing” process of Product Life Cycle management.
The Product Development Management Association
(PDMA) calls it the Business Dimension processes
of Product Development:
|
The Business Application layer of the NPD process
.......
The IFT solution complements the Operational Process and Application layer provided by Product Lifecycle Management Systems (PLM) by providing the management facing information needed by the key stake-holders of the NPD process.
While all other bricks of the PLM systems are mainly focused on managing technical or tactical process related to the products, IFT offers to executive, R&D and marketing managers a decision making environment focused on the product portfolio itself and on the financial and human resources used to create it.
