Report Indicates Increase in PLM Usage
January 26, 2012
As PLM cloud solutions grow in popularity across all industries it is not surprising to see reports predicting an increased growth in the months to come. CADD Edge, an engineering industry website, reported in the article, Product Lifecycle Management solutions to experience changes in 2012, of an increase in PLM adoption within the Consumer Packaged Goods (CPG) industry for a variety of reasons.
As the article explains,
“The report also predicts PLM will become a universal strategy among CPG companies, which have generally been slow to adopt PLM. Young expects PLM to become an obvious advantage for such enterprises during the next 18 to 24 months, as these businesses are dealing with unstable raw material costs and an increased emphasis on regulatory compliance.”
While in this circumstance PLM is the most logical choice in an effort to reduce expenses it also has many more benefits, foremost being the ability to streamline collaboration between development, manufacturing and administrative departments within companies. Access to files, all files, has traditionally been one of the major issues surrounding IT within the engineering industry. A severe lack of search ability and access has caused money to be lost b/c of duplication and lost man hours.
While PLM will most definitely save companies money as this article suggests there are so many more benefits. Inquiring into new data management solutions is the best starting point for any company wanting to eliminate waste. By utilizing PLM and cloud services companies can begin focusing on innovation again rather than costs.
Catherine Lamsfuss, January 24, 2012
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