Seeking to support manufacturers that want to take a more structured approach to product and operational risk management, but may not have the money or organizational consensus to invest in a full, enterprise-class application, Dyadem International Ltd. this week rolled out a scaled-down version of its risk management suite for small workgroups.
The company’s new product, Stature Workgroup, includes the core elements of its more expensive Stature Professional and Stature Enterprise suites, but carries a set price tag of $20,000, plus a $5,000 annual maintenance charge. A license for Dyadem’s Stature Professional averages $60,000, depending on the number of users and modules involved. And Dyadem’s top-of-the-line Stature Enterprise product carries an average license charge of about $150,000, said Kevin North, the company’s president and CEO, in an interview with Managing Automation.
The new Stature Workgroup product is limited to small teams of 10 named or three concurrent users.
Stature Workgroup is targeted at small workgroups inside small or large organizations, North said. “There are many small teams that might be rigorous about risk management, but can’t pitch a solution to the broad enterprise,” North said. “We wanted a product at a price point that engineering teams could put in place without having to go through the whole corporate approval ordeal.”