"We are not killing products early enough or often enough. A recent example is a product that we should have killed six months earlier than we did. By the time we did, we had sunk about $1.2M opportunity cost and other related costs into it." -Consumer Goods Manufacturer
"Our process is robust but too manual. We have homegrown solutions and tools that are lagging behind our process. We need tools, metrics, automation, and more support. Right now everything is manual, copying and pasting, requiring signatures, and many documents. We need to be able to support virtual teams and workflow with data in one central place to do situation analysis." -Large Manufacturer
"Upper management believes us to be at Level 4 currently. The vision is definitely there, but we are not yet cross-functionally locked into the key tools right now, and thus we overcommit resources regularly." -Distribution Company
Do you identify with one or more of these organizations? Review the Fourth Product Portfolio Management Benchmark Study on The State of Product Development in 2013 and let us know how we can help!