University of Oulu

J. Härkönen, E. Mustonen and H. Hannila, "Productization and Product Structure as the Backbone for Product Data and Fact-based Analysis of Company Products," 2019 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM), Macao, Macao, 2019, pp. 474-478. https://doi.org/10.1109/IEEM44572.2019.8978845

Productization and product structure as the backbone for product data and fact-based analysis of company products

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Author: Härkönen, J.1; Mustonen, E.1; Hannila, H.1
Organizations: 1Industrial Engineering and Management, University of Oulu, Oulu, Finland
Format: article
Version: accepted version
Access: open
Online Access: PDF Full Text (PDF, 0.8 MB)
Persistent link: http://urn.fi/urn:nbn:fi-fe202002125245
Language: English
Published: Institute of Electrical and Electronics Engineers, 2019
Publish Date: 2020-02-12
Description:

Abstract

Data are a strategic asset for companies but are not fully capitalized to serve the business. Company data assets that reside in the enterprise applications, the corporate business IT, have the potential to provide additional value aside serving the typical functional role of these applications. One possible application is the fact-based profitability analysis. Understanding company level or business line profitability is not enough for sustainable long-term business success, but product level analysis is needed. Currently product level analysis is often either seen not possible or entails laborious manual work. This study analyses the roles of productization and product structure as preconditions for fact-based analysis of company products. The study is realized as a combination of a literature review and analysis of eight companies. Those responsible for products and financial results may benefit of the understanding of the significance of productization and product structure for fact-based analysis and reporting on company products. The findings support data-driven approach and fact-based analysis.

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Series: IEEE International Conference on Industrial Engineering and Engineering Management
ISSN: 2157-3611
ISSN-E: 2157-362X
ISSN-L: 2157-3611
ISBN: 978-1-7281-3804-6
ISBN Print: 978-1-7281-3805-3
Pages: 474 - 478
DOI: 10.1109/IEEM44572.2019.8978845
OADOI: https://oadoi.org/10.1109/IEEM44572.2019.8978845
Host publication: 2019 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM), 15-18 Dec. 2019, Macao, China
Conference: IEEE International Conference on Industrial Engineering and Engineering Management
Type of Publication: A4 Article in conference proceedings
Field of Science: 222 Other engineering and technologies
Subjects:
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