Features Of Product Line Management Solutions

Businesses of most industry verticals are becoming more complex than ever and this trend is on the increasing side

. Owing to this, managing complexities are becoming extremely critical and essential in todays business. Without having a clear idea about the costs and advantages of the complexity and the procedures for monitoring the tradeoffs between the two, there is a chance to allow hidden costs to take away the profits and missing out the scopes for expansion.

The Product Line Complexity

The term complexity indicates various things to different people. According to a procurement professional, complexity might just manifest as a huge and growing count of suppliers and supplier associations. Similarly, in a factory the term might indicate the number of components and the final products for the inventory. According to a product planner, complexity might refer to the allocating of completed products all through multiple factories and sales channels. Any change at any point, the component, the supplier or the product can have a drastic impact across an enterprise and even the consumers. Hence, there is a need for a systematic product line management program in organizations.

Advanced Product Line Management Solutions

Today solution providers specializing in agile software development have come up with product line management solutions that are set up to assist clients to manage their EOL (end-of-life) practices and minimizing the end user's migration expenses. Selected services include the following:

The clients can keep the top-line revenue and the bottom-line profits for the product line and IP

Clients are able to maintain the end user association for up-sell and cross sell scopes

The solutions make sure certainty around the PLC expenditure

Offers assured operating income enhancements for PLC related expenditure

Offers possible scopes to feed selected additional profits back into marketing initiatives to boost up the revenue growth

Minimizes the management distractions

Offers risk mitigation

Eradicates the requirement to concentrate on product management, product engineering and technical assistance functions

Other than the above mentioned features, advanced software product line management solutions also concentrates on selected areas. They are:

Category renewal

Revenue protection (Maintenance)

Revenue optimization (Sustaining)

Every organization must gradually phase out old product versions and completely reduce old products. These EOL or EOS (end of service) practices are generated encouraged by internal economic needs, such as reducing support expenses, rebalancing resources in a product portfolio, shifting consumers to the new product versions and eliminating products that cannot pay for themselves any further. Therefore, advanced product line management solutions enable the end users to seamlessly phase out their products simultaneously supporting the ones still using the same.

by: brianwarren

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