Open source product management software allows open access to source code for developer improvement. It tracks product planning, development, marketing, manufacturing, inventory, profit and loss, and warranty information. The software can be tailored to specific product needs and is constantly changing as users develop their own extensions. It saves costs and potential compatibility issues compared to non-open source software.
Open source product management software is a product lifecycle management tool that allows open access to source code for developer improvement. The main function of this software is to keep accurate records of all product management processes during the various stages of a product’s life cycle. Product management software performs a variety of tracking activities, including product planning, development, and marketing. As an open source software suite, the product management tool can be tailored to specific product needs and grow as your business changes.
In the manufacturing and marketing sectors, it is very important to be able to stay up to date with the various developments of a product throughout its life cycle. Open source product management software helps company think tanks evaluate the value of product development ideas, as well as help design and development teams track their work. Once the design stage is complete, the product management software tracks the manufacturing process and product inventory. Open source product management software thus takes on another role in tracking product marketing and branding and tracking profit and loss. In some cases, product management software may continue to track individual products after they have been sold for warranty information and service records purposes.
The main advantage of open source software is the fact that it is developed by the user. This software is constantly changing as users develop their own extensions and modify existing source code. While open source product management software can be, and usually is, a complete package, the ability to access the source code gives technically savvy individuals the opportunity to customize the software to fit their needs.
To illustrate the benefits of open source product management software, consider a company purchasing a non-open source product management suite. At the same time, a second company purchases an open source product management software package. A week later, both companies realize they need the software to also track a product’s inventory-to-sales ratio. The company using product management software without open source will likely be required to purchase a new software package. With the open source solution, the second company can set up an in-house developer or freelance programmer to create an extension for the program, thus eliminating the additional expense and potential compatibility issues.
Protect your devices with Threat Protection by NordVPN
