Functional Product (FP) can be viewed as a business concept which is aimed at offering a function or performance to customer on an agreed upon level of availability and cost as well as at providing incitements towards a sustainable growth. The development and operation of FP is a multidisciplinary and complex process. To support such process often advanced and creative solutions are required. Based on analysis of research conducted in the Faste Laboratory, this paper aggregates FP solutions consisting of existing methods, tools and models. Further, utilisation of FP solutions is discussed from the FP life cycle perspective.