Guide
Product Mining
Reduce your complexity costs through technology-supported portfolio optimization
In manufacturing companies, a wide variety of products is often necessary in order to meet individual customer needs and serve different markets. However, this diversity also brings with it numerous challenges: while some product variants are indispensable, others cause high costs without offering significant added value. However, this differentiation is difficult as the relevant data is often scattered across different departments and systems.
This is where product mining comes in: An innovative technology that automatically analyses product information from existing systems, identifies economically unprofitable variants and provides a decision-making basis for targeted portfolio optimization. This enables companies to reduce unnecessary complexity, increase their efficiency and achieve significant cost savings.
The technology behind product mining
Product Mining is based on intelligent data analysis that extracts information from ERP systems such as SAP and merges it into a powerful portfolio data model. All data is recorded and then categorized into three areas:
- Core business: Products with high profitability and strategic importance.
- Side business: Complementary products with medium economic relevance.
- Ballast business: Products that cause high costs but bring little economic benefit.
This detailed analysis forms the basis for the development of measures to reduce complexity and thus makes a lasting contribution to optimizing the entire product portfolio.
Download guide
Find out in the guide how you can use product mining to reduce your complexity costs through technology-supported portfolio optimization.
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Soley – The technology leader in product mining
The Munich-based company Soley is the market leader in the field of technology-supported portfolio optimization and has developed a software solution specifically for industry. Benefit from our many years of project experience with manufacturing companies in combination with the software recommended by SAP and receive your ideal solution for a more efficient product portfolio.
