When our products are launched to the market, they are often delayed since it is very hard to synchronize the product and technology road maps. Making winning decisions early in the product development process are very difficult, the necessary data is scattered and in different formats. There are multiple plans and the task of having them synchronized to understand the impact decisions have across them seems impossible to manage.
A SOFTWARE TO MANAGE YOUR MODULAR SYSTEM
PALMA offers world-class software solutions for strategic and data-driven product management. PALMA is an enterprise-grade solution for both defining and maintaining a modular system over its entire lifecycle. PALMA is centered around a shared specification of the products based on customer needs, strategic product planning, and company strategy.
This information model is the foundation for defining a modular system complete with functionality to create and maintain complex configuration rules that interact with your existing solutions and processes.
PALMA is a true Software as a Service solution, simplifying the implementation of your modular system while ensuring the highest enterprise-grade security and integrity, and multi-user efficiency. Through open REST APIs PALMA can be used as a module in your information architecture to accelerate software support for product management, strategic pricing for configurable products, and control of your configuration rules.
Capture your Customer Needs
Creating a product architecture always starts with the customer. In PALMA we systematically break down high-level market requirements and customer values into a specification that the product assortment should fulfill. It is about understanding what different customer segments value and how these values differ across segments.
And most importantly, it tells us what aspects of the products can be standardized and which ones need to vary. This is the foundation on which a good product architecture is built.
Master a Configurable Offering
Configurable products are great for you and your customers. They provide get customized solutions to the market at a cost, quality, and lead time rivaling mass-produced goods. But internally, a configurable assortment can stress systems and processes set up for a more limited assortment. In PALMA you can manage the product structure of a complete assortment in one single configurable BOM (bill of material). And making and managing configuration rules have never been easier.
Insight Driven Product Decisions
A good modular system brings exceptional value to your customers AND delivers long-term profitability to your business. It is well known that over 70% of a product’s cost, and ultimately a product line’s profitability, is determined early in the development process when design concepts are selected. If the concepts selected to deliver market variance are not balanced against overall complexity costs, long-term profitability will suffer. In PALMA, there are dedicated tools to manage all of the information necessary to balance product variation with overall complexity costs, providing your enterprise a rich picture of the architecture’s long-term profitability, long before the detailed design has started…when it matters.
Improve your Product Assortment
Developing a modular product assortment requires many decisions to be made. You need to decide what technical solutions will be used to deliver the functions of the product, how to divide the products into independent modules, what strategy each of these modules should have to benefit the company, what interfaces exist between modules that protect the overall architecture, and how performance steps should be packaged into commercial offerings. PALMA has the tools to support and document these decisions so, future improvements to the assortment don’t mean starting over from scratch.
Take Charge over your Portfolio Planning
Making winning decisions early in the product development process is very difficult. When our products are launched into the market, they are often delayed since it is tough to synchronize the product and technology roadmaps. The necessary data is often scattered, disconnected, and in many different formats. In PALMA, technology and product roadmaps are automatically synchronized to give the organization a complete overview of any timing challenges to help avoid the delays that plague traditionally managed assortments.