Overview of Product Lifecycle Management and Product Hub

Oracle's Product Lifecycle Management (PLM) solutions, along with Product Hub, can be configured to work together in order to deliver comprehensive Innovation to Commercialization capabilities across the entire product value chain. Product Lifecycle Management consists of the Innovation Management and Product Development cloud services.

• Oracle Innovation Management: Streamlines new product development and introduction processes with the following functional areas:

  • Product Requirements and Ideation Management: Allows employees and stakeholders to collaborate on product innovation ideas and record requirements. Product managers can integrate requirements with concepts in Concept Design Management.

  • Concept Design Management: Offers a collaborative design workspace for product architects, designers and executives to generate, capture, analyze, and approve product concepts that address product strategy goals. Approved concepts can then be transferred directly to external PLM solutions for prototype planning, detailed design and product introduction.

• Oracle Product Development: Enables you to manage product data and change orders while balancing cost.

• Oracle Product Hub: Centralizes product data across heterogeneous systems so that it can create a blended product master record that's clean, standardized, accurate, and current. From products that you manufacture internally to finished goods that you source from suppliers, Product Hub enables you to aggregate, enrich, and share product data for various manufacturing and omni-channel commerce processes. Use robust business rules and workflows to make sure the data that you share across the enterprise is clean, complete, and valid. Rapidly commercialize products that use centralized product information for manufacturing, marketing, and sales across global manufacturing sites, sales channels, and trading partners.

Deploy each cloud service with configurations based on your required level of control and configuration.

Deployment Option	Deployed By	Level of Control and Configuration	Speed of Adoption and Agility
Private Cloud	Oracle deploys and manages for you in an exclusive private cloud	Medium	Medium
Oracle Public Cloud	Oracle provides a subscription-based service	Low	High