decoding the product lifecycle; phil barrios, hubbell incorporated
DESCRIPTION
Loading product information and using the Industry Data Warehouse (IDW) are just the first steps. A product’s status changes throughout its lifecycle and knowing the right “codes” will empower trading partners to manage both information and inventory. Come learn how the IDW can be your best assistant in communicating current status and changes over time. Discover the value of this process and best practices for synchronizing product status in the supply chain.TRANSCRIPT
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Decoding the Product Lifecycle
FULL STEAM AHEAD: MOVING FORWARD TOGETHER
© Copyright 2014. All Rights Reserved.
FULL STEAM AHEAD: MOVING FORWARD TOGETHER
© Copyright 2014. All Rights Reserved.
Decoding the Product Lifecycle
FULL STEAM AHEAD: MOVING FORWARD TOGETHER
© Copyright 2014. All Rights Reserved.
What you will learn… 1. The stages of a Product Lifecycle Mgmt. (PLM) process
2. Impact and value of communicaBng PLM changes
3. PLM Codes available (via IDW) to communicate product status-‐changes with trading partners
4. Best pracBces for incorporaBng PLM in the supply chain
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Some Background Info • Hubbell Incorporated is a $3.2 billion company comprised
of 60+ brands with over 400,000 SKU’s (finished goods) and “millions” of other possible opBons.
• Hubbell’s been involved with IDEA at many levels, as a Charter Member, on the Board of Directors, Standards, IFF/IAC and the 2012 Richard Buzun Award recipient (mfr.)
• Hubbell supplies data to IDW for 15 brands sold through electrical distribuBon, represenBng roughly 122,000 records for US and Canadian use.
• Personal… entrepreneur, product markeBng, sales and channel management, corporate markeBng, eBiz/ERP/ web-‐soluBons (also past standards chair at IDEA:-‐)
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End of Life Notification
Typical Stages in the Life of a Product
What is a Product’s Lifecycle?
Introduction Growth Active Maturity Decline Phase Out Obsolescence
Proactive Obsolescence Management
Reactive Obsolescence Management
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Inventory Profit
Sales
Impact on Sales and Profit?
Time
Inventory-‐Sales-‐Profi
t
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What is a Product’s Lifecycle? Stages, Timing and Impact Varies Widely
IntroducBon Growth Maturity Decline
Product Extension
Sales
Introduc<on Growth Ac<ve Maturity Decline Phase Out Obsolete Replace
Supplier
Specify Implement Ac<ve Phase Out Transi<on
End Customer
Intro/Training Promote Ac<ve Maturity Decline Phase Out Transi<on
Distributor
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Introduc<on Growth Maturity Decline
Product Extension
So How Do You Manage These Stages?
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Let’s Start Decoding
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PB: so I heard there are 2 new codes for IDW and I wanted to confirm their meaning - they are the “J" and “M" codes, do you have details?
IDEA: yes, the “J” code is in IDW now and applies to repair / replacement items -‐ like screws, gaskets, clips, etc.
PB: gotcha --- so “J” is for replacement parts only? IDEA: correct, and the “J”….should ONLY be used for a saleable
repair/replacement part, NOT accessories IDEA: and the “M” code can be used for a mature, ac<ve
product s<ll being made, but there is a newer model on the market that should be considered now or in the near future
PB: great, thanks for the clarification!
But First… Tell One, Tell All
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• A = Available for Sale (New, Update, Changes) • C = DisconBnue GTIN/UPC or Mark Old GTIN/UPC
• D = Delete Record, used aher Obsolescence • J = Replacement Parts (Assoc. w/ Std. Product)
• K = Basic data, No Pricing (Preload, Custom Order)
Code Usage and DefiniBons
Pay ajenBon, there will be a Quiz
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• O = Obsolete, No Longer Available, No Updates • P = Phasing Out, Planned Obsolescence • R = Replacement GTIN / UPC (pair with ‘C’ code)
• T = Alert of Temporary Hold, Not Available for Sale
• W = Withdraw Product, incorrectly loaded in IDW
Code Usage and DefiniBons
Pay ajenBon, there will be a Quiz
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FLASHCARD CHALLENGE
AcBve Item, Available for Sale, Update or Change Status
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FLASHCARD CHALLENGE
AcBve Item, No Pricing available or Does Not have a Published Price
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FLASHCARD CHALLENGE
Replacement Item for another Product being
DisconBnued
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FLASHCARD CHALLENGE
Obsolete Item, may or may not have a Replacement
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FLASHCARD CHALLENGE
Oops, withdraw Record from IDW, Remove Record from all
Databases
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FLASHCARD CHALLENGE
Delete Record, Item DisconBnued… R.I.P. (do not reuse same
UPC/GTIN for 4 years)
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GREAT DECODING!
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Introduc<on Growth Maturity Decline
Product Extension
Applying the Codes to Each Stage
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MANUFACTURERS Code Usage for Manufacturer Supplied Data
What Codes are being Used?
Status Code % of IDW Total
A 87.0% K 4.1% O 4.0% P 2.5% D 1.0% T 0.8% J 0.5% R 0.1% W < 0.1% C < .01%
A = Available for Sale (New, Update, Changes) K = Basic data, No Pricing (Preload, Custom Order) O = Obsolete, No Longer Available, No Updates P = Phasing Out, Planned Obsolescence D = Delete Record, used aher Obsolescence T = Alert of Temporary Hold, Not Available for Sale J = Replacement Parts (Assoc. w/ Std. Product) R = Replacement GTIN / UPC (pair with ‘C’ code) W = Withdraw Product, incorrectly loaded in IDW C = DisconBnue GTIN/UPC or Mark Old GTIN/UPC
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MANUFACTURERS
• Supplying “D” DisconBnue / Delete code from their ERP system to IDW
• Or, aher “D” code sent, changing their business system to NOT send updates
• Knowing when to send the “M” code at an appropriate Bme
• Others???
Challenges and Issues with Codes?
DISTRIBUTORS
• Loading Master Data without some Pricing info (“K” codes)
• Taking pro-‐acBve steps to noBfy End Customers of items being DisconBnued
• One-‐to-‐Many replacement logic • Others???
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MANUFACTURERS
• Map your current internal PLM process, ID your stakeholders
• Align “triggers” in your PLM system with IDW Codes
• Build change noBficaBons into regular IDW updates or trigger on demand
• Train stakeholders on benefits of early noBficaBon (speed-‐to-‐market, inventory mgmt.)
• Implement, Monitor, Adjust!
What are Some Best PracBces?
DISTRIBUTORS
• Define acBons to take for each PLM stage, document, train
• Align “noBficaBons” with your ERP, Inventory Mgmt.
• Know which Suppliers are providing Basic Data, to pre-‐load master data in ERP
• Have IT set up Sales, Purchasing, QuotaBons “alerts” on changes
• Provide feedback to Suppliers • Implement, Monitor, Adjust!
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DocumentaBon & Resources
White Papers and Guidance Documents
IDEA Website
Customer Support, DQA’s & Standards Commi`ees
2014
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THANK YOU!
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QUESTIONS?