PLM the Best Solution for Eliminating Unnecessary Costs
February 1, 2012
As the popularity of product lifecycle management (PLM) grows in this difficult economy there has been a renewed interested in cost effectiveness and return on investment (ROI) associated with the adoption of PLM practices. The article, How to Evaluate PLM Costs and ROI, on TechMatchPRO, breaks down the benefits and risks to adopting PLM.
The article definitely supports companies’ turning to PLM to streamline processes and cut costs including waste at all levels. Of a recent trend that we’ve been particularly interested in lately, the article reported,
“The integration of PLM with other enterprise applications is a definite trend. Integrating PLM applications across the enterprise allows organizations to:
1) Share and reuse product definitions across virtually all aspects of the enterprise
2) Align their systems and processes internally with those of partners, suppliers, dealers, and service providers
3) Make product information more easily available across systems
4) Automate business procedures prone to human error.”
One should pay close attention to their third benefit of PLM integration: make product information more easily available across systems. Within engineering this has been a particular troublesome issue as CAD/CAM data often get left behind during enterprise search. By following the advice of this article and adopting new data management solutions within a larger PLM application companies do better to stave on unnecessary loss due to duplication and man-hours lost to futile searches.
Catherine Lamsfuss, February 1, 2012
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