HOW PRODUCT MINING WORKS
Data mining for success with complex product diversity.
Able to act in any situation
In a volatile world, companies have to deal with more and more global crises: after the crisis is before the crisis.
The digitized solution makes it possible to remain capable of action, to preventively safeguard against emerging threats, and to eliminate internal vulnerabilities in the portfolio and value stream in order to provide fewer points of attack for future threats.
Digitized Business Transformation
Product Mining brings data mining into the world of product-centric decisions and combines data analysis with decision intelligence in the environment of complex product diversity. The goal of product mining is to transform complex product data into sustainable business impact in order to increase growth, resilience, innovation, sustainability and profitability of a company.
With product mining, organizations gain comprehensive transparency about all dependencies in the entire value chain. This provides companies with an overview of potentials, dependencies and risks within the product portfolio and supports them in making better decisions faster, optimally deploying resources and sustainably strengthening their own competitiveness. Product mining helps to reduce costs, optimize products and processes in a more targeted manner, and thus drives the business transformation of future-oriented companies.
The Product Mining Platform by Soley
Products are a company's greatest lever: they generate revenue, growth and profitability, and ultimately determine corporate success or failure - because that's where the most existential challenges to a company's future viability converge: Complexity, costs, delivery bottlenecks and CO2.
That is why Soley combines various software modules and thus directly addresses the core of a company: the product. By means of comprehensive dependency analyses and impact assessments, organizations gain a comprehensive overview of potentials, dependencies and risks within their product portfolio. In this way, complex interrelationships and dependencies can be illuminated at any time and companies gain direct action-relevant insights that are a prerequisite for successful business decisions. Learn more about the product mining platform from Soley.
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Ready for the future
No matter how business priorities are distributed across growth, resilience, innovation, sustainability or profitability: Soley's product mining platform identifies starting points, quantifies impact, and helps companies achieve sustainable business development.
Growth
Business Impacts:
- Reduce portfolio burden
- Free up capacity
- Define and promote preferred products
- Secure core business
- Remain capable of delivery
- Ensure satisfied customers and sustainable growth effects with strong delivery performance and resilient core business.
Resilience
Business Impact:
- Decide quickly and well under time pressure
- Capitalize on inventories through load calls and increase liquidity
- Consolidate products, components and suppliers
- Minimize attack surface for delivery failures
- Secure core business
- Prepare foundation for future success by eliminating complexity drivers and weak points in the supply chain as well as portfolio ballast in a targeted manner.
Innovation
Bring innovative new products to market and identify and weed out poorly performing legacy products in the portfolio.
Business Impact:
- Optimized roll-out of successor products
Relieve the burden on product management - Free up resources for faster innovation cycles
- Diversification of the product range
Consistent exploitation of growth opportunities - Become an innovation leader with the right products in the portfolio and position yourself optimally for the future.
Sustainability
Business Impact:
- Reduce CO2
- Optimize supply chains
- Easier and faster roll-out of successor products
- Diversification of the product range
- Exploit growth opportunities
- Reduce carbon footprint through innovative new products and optimized supply chains.
Profitability
Business Impact:
- Exploit hidden pricing potential
- Make synergies in the product portfolio visible
- Eliminate legacy products
- Identify poor sales (overhead cost drivers)
- Migrate relevant customers to more profitable new products
- Less legacy product maintenance means shorter time-to-market and innovative products.