- Industry: Consulting
- Number of terms: 1807
- Number of blossaries: 2
- Company Profile:
Gartner delivers technology research to global technology business leaders to make informed decisions on key initiatives.
Product cost management is a technology that predicts and captures estimates of the costs of products, systems or solutions over their life cycles. Software functionality predicts costs and enables users to capture estimated costs and track actual costs versus predicted costs. It includes analytical tools to identify the major sources of costs and to leverage historical predicted/estimated costs and actual costs for comparison, with future predicted/estimated product, service and solution costs for profitable trade-offs.
Industry:Technology
Product cost and life cycle management (PCLM) is core to maximizing product profitability from introduction to end of life. PCLM helps product management and operations executives address the many reasons why products fail to meet business targets. Unbalanced product portfolios can bring the wrong products to market or sacrifice the operations excellence needed for efficient, reliable customer service. PCLM speeds the right products to market, while ensuring profitable growth.
Industry:Technology
A product configurator is stand-alone software that supports insurance product development activities, including pricing, product modeling and testing. Central components are a workbench, a calculation engine and a graphical user interface. While many policy management solutions have product management capabilities, product configurators are independent solutions that allow them to be used for companies with multiples lines of business or multiple core systems to have an enterprise product repository.
Industry:Technology
Contains all commercial product information that enables product marketing managers to define and map new product offerings. This encompasses certain sets of tools that allow configuration of new products and service bundles, pricing and discounts.
Industry:Technology
Product analytics is a specialized application of business intelligence (BI) and analytical software that consumes service reports, product returns, warranties, customer feedback and data from embedded sensors to help manufacturers evaluate product defects, identify opportunities for product improvements, detect patterns in usage or capacity of products, and link all these factors to customers. Product analytics can also incorporate feeds from social platforms to track complaints about products. By analyzing product data feeds in real time, this software can proactively alert manufacturers to service and replacement needs in reactive as well as preventive maintenance scenarios, and help route service requests to the proper individuals or, with the help of machine-to-machine (M2M) technologies, perform service remotely.
Industry:Technology
As its name implies, a procure-to-pay (or purchase-to-pay) system is a fully integrated solution designed to support an end-to-end process that begins with goods and services requisitioning and ends with ready-to-pay files for upload into an accounts payable system. Procure-to-pay solutions use a scan-and-capture service, supplier portal and/or a multienterprise network to enable suppliers to submit invoices electronically. In addition to core e-procurement functionality (including e-requisitioning, approval workflow and e-catalog management), procure-to-pay solutions offer purchase-order-to-invoice matching and processing for invoices that don’t match or when goods are returned.
Industry:Technology
A procurement network is a type of business process network: integration as a service tailored with applications to support one or more procurement processes, such as: Purchase to pay, with e-catalog management and purchase order document exchange Supplier information management, with credential document and firmographic data storage E-sourcing, with opportunity listings for suppliers and support for supplier electronic bid submission The defining characteristic of a procurement network is multienterprise integration support that enables suppliers to view information from and participate in processes with multiple buyers, in the same account.
Industry:Technology
Procurement applications are used to help companies understand and improve the terms and conditions of trade and to comprehend enterprise spending. These applications assist in supplier selection, the analysis of supplier performance, and the establishment of the terms of trade to balance cost, quality and risk. Typical modules and applications include:
E-procurement
Strategic sourcing
Procurement business process hubs
Contract management
Tactical sourcing (request for quotation)
Spending analysis
Buy-side catalog management
Supply base management
Industry:Technology
Processor emulation is a virtualization technology that allows software compiled for one processor/operating system to run on a system with a different processor/operating system, without any source code or binary changes. This is done by dynamically translating processor instructions and operating system calls as an application is running.
Industry:Technology
The processing of transactions as they occur, with no preliminary editing or sorting before they enter the system.
Industry:Technology
