CIMdata Commentary: Optimizing Profitability Decisions over a Product’s Lifecycle
This CIMdata commentary discusses about how TCS’ portfolio profitability management (P3M) simplifies the complex integration of specific processes, systems and analytics capabilities to achieve the desired profitability.
Excerpt from the commentary –
“TCS' experience across industries and functions within those industries allows them to adapt the P3M framework to their clients’ needs and work with them to address the intricacies of implementing product portfolio profitability management.”
- Predicting product and portfolio profitability is becoming more difficult as products become more complex and business models change
- Identifying and modeling cost drivers and using collaborative decision making to optimize enterprise-level costs early in the development cycle enables revenue, cost, and profitability targets to be achieved while minimizing risks and supporting brand strategy
- Tata Consultancy Services has a framework that provides tools to support the complete product lifecycle allowing systems, processes, and analytics as well as services to be used to plan, implement, and support product portfolio profitability management