Difference between Project Cost and Product Cost.
Fourteen TEC Blog
by Services FourteenTEC
9M ago
Nowadays, all companies work on projects, and for many of these companies, the project's outcome is a product. However, the project and the product have different meanings and costs. What is the difference between the two? We are Fourteen TEC, the most qualified SAP partner in Italy for SAP Portfolio and Project Management implementation. We have implemented SAP PPM in New Product Development processes, IT Governance, Commercial Portfolio Management, Facility Management, and Maintenance. In the years 2021-2022, we collaborated with SAP Italy to implement the PPM solution for managing the fund ..read more
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What is the difference between Portfolio Management and Project Management?
Fourteen TEC Blog
by Services FourteenTEC
9M ago
Project Portfolio Management (PPM) is a discipline that helps organizations prioritize and manage a portfolio of projects to align with strategic business objectives. PPM consists of: Portfolio Management,which identifies the best opportunities or proposals. Project Management, which selects and manages a group of projects in terms of timelines, activities, and resources. We are Fourteen TEC, the most qualified SAP partner in Italy for SAP Portfolio and Project Management implementation. We have implemented SAP PPM in New Product Development processes, IT Governance, Commercial Portfoli ..read more
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Business scenario to implement SAP PPM
Fourteen TEC Blog
by Services FourteenTEC
9M ago
SAP PPM is the SAP component designed to manage corporate project portfolios. There are various business cases where corporate projects can be managed based on their specific content. We can categorize the different Portfolios based on project content: New Product Development Portfolio IT Governance Portfolio Engineering & Construction Portfolio Sales & Commercial Portfolio Public Sector Portfolio Moreover, SAP PPM allows for the simultaneous management of multiple portfolios while keeping them independent from each other. We are Fourteen TEC, one of the most qualified S ..read more
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5 PLM benefits that everyone should know.
Fourteen TEC Blog
by Carmen Palmisano
10M ago
PLM (Product Lifecycle Management) solution is one of the most important components to a company's overall success. If your company has trouble managing a product portfolio and doesn't have any way to address product development or product modification or plan their commercialization, then it's time to invest in PLM software. We are Fourteen TEC, one of SAP's most qualified partner in Product Lifecycle Management (PLM). We have implemented the first native PLM on SAP, Mars PLM, focusing on business processes, efficiency, collaboration, and productivity.   Data Sharing A PLM solution all ..read more
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A PLM global overview by integrating data, costs and processes.
Fourteen TEC Blog
by Carmen Palmisano
10M ago
Often PLM is considered as document management and BOM management, or simply the CAD integration with a PDM. This limited vision about what is PLM can endanger the company's performance because there is no clue from management about activities and status of Product life cycle-related information. Having a platform that manages integrated information you can monitor your new products projects workflows, either mass-produced or made from order. When you can manage production costs, activity schedules and product data, you are using the full potential of the PLM process. Having an updated view of ..read more
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How does PLM contribute to Corporate Sustainability?
Fourteen TEC Blog
by Carmen Palmisano
10M ago
When we refer to Product Lifecycle Management, we are talking about the digitization of information, process optimization, and real-time communication between enterprise departments.   How can PLM be sustainable? To start with, it should be clarified what sustainability in PLM consists of: avoid waste, reduce errors that increase time and energy resources for production and their adjustment measure the Co2 impact on design decisions and manufacturing processes re-use of resources throughout the product life cycle ensure and adapt to compliance with regulations and compliance stan ..read more
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Risks of implementing an ERP solution without a PLM solution
Fourteen TEC Blog
by Services FourteenTEC
10M ago
Several companies have been integrating ERP and PLM lately. The purpose of this article is to explore this topic and show us how useful this integration is. Companies, in order to manage day-to-day business activities, such as accounting, warehousing, shipping etc. use Enterprise Resource Planning (ERP) software. Indeed, ERP can be referred to as the “central nervous system of a firm” as it is essential for integrating and organizing data.  On the other hand, Product Lifecycle Management (PLM), helps managing the product life cycle due to the fact that it is a set of software solutions an ..read more
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Management of Corporate Projects: using SAP PPM software and its benefits
Fourteen TEC Blog
by Services FourteenTEC
10M ago
Optimizing and planning resources and processes are the foundation of business development. Therefore, to manage business projects, such as budgets, time and resources of the individual department using software such as SAP Portfolio and Project Management (SAP PPM) is essential. It also helps to assess project risks or delays and aligns investments to achieve set strategic goals. PPM software helps companies prioritize and manage projects with current resources as well as future needs and demands, standardizing processes and increasing team efficiency. We are Fourteen TEC, one of the most qu ..read more
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What is PLM?
Fourteen TEC Blog
by Services FourteenTEC
10M ago
PLM stands for Product Lifecycle Management and it represents the collection of solutions and business processes that are required to manage the life of the product. From its conception to its withdrawal from the market.  This is made possible by the full sharing, harmonisation and integration of product data across platforms, business functions and offices. We are Fourteen TEC, one of the most qualified SAP partners in Product Lifecycle Management. We have implemented PLM processes for large multinational companies in the Industrial Automation, Automotive, Aerospace, CPG, Fashion & ..read more
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Software and PLM solutions: how are used by leading companies.
Fourteen TEC Blog
by Carmen Palmisano
10M ago
How PLM solutions are used by leading companies? PLM solutions have many benefits. Primarily investing in an advanced PLM solution is fundamental for companies that need to: breakdown silos encourage innovation streamline processes Let’s see how leading companies are moving towards this topic. We are Fourteen TEC, one of SAP's most qualified partner in Product Lifecycle Management. We have implemented PLM processes for big corporations in the Industrial Automation, Automotive, Aerospace, CPG, Fashion & Energy industries, focusing on business processes, efficiency, collaboration, an ..read more
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