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Lean Product Management (LPM)
In the Flat World, manufacturing companies that focus resources on value-added activities in product development while reducing waste have a competitive advantage. However, most companies are not focused on categorization in lines of business, market, and technology. In addition, there are budget overruns due to a lack of change management processes for requirements and requirement priorities.To align product innovation programs, manufacturing companies need to:
- Set direction and the product roadmap through timely understanding of customer needs and expectations
- Design and implement policies and processes for better requirements management and engineering change management
- Institute governance models to track and measure change management processes
Infosys' Lean Product Management (LPM) solution provides better predictability in product maintenance and support costs, and helps manage metrics during the entire product lifecycle. Our solution simplifies processes for product innovation and optimization, and improves requirements management through storyboarding and categorization.
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