Companies are turning toward product innovation to achieve revenue growth, but to generate return on an innovation idea, the idea must be fully developed. When the concept has been fully defined, validated, and transformed into a product, it is then ready for commercial launch and execution from a sales, marketing, manufacturing, and logistics perspective.
the accounting role in operations
not necessary to add the same rigor that would be required to add a part to an ERP system to manage execution, requiring all accounting and planning information to be added as an example. When selecting the roles of ERP and PLM, manufacturers need to ensure that they enable - not limit - innovation while still maintaining control of the product development process. Creating and Utilizing Product Knowledge The volume of design documentation can grow very large and cumbersome, but that is only partially