PLM Report Expresses Need for Industry Changes
February 27, 2012
A recent report published by PLM leader, CIMdata, titled, “The Next Industrial Revolution”, focuses on the industrial machine industry and their desperate need for PLM solutions. The press release announcing the report explains why PLM is an urgent need for this particular industry. They estimated in the report that with over $400 billion invested in this industry companies and investors stand to lose a lot as global economies worsen and costs rise.
The press release explains,
“While the end use of an industrial machine may vary, the companies in this market share some common problems. Suppliers of these products are under constant pressure to innovate as well as hold to high quality/performance standards and competitive costs…The manufacture of these products involves complex bills of materials, and a combination of in-house and contracted manufacturing of parts and assemblies…Because of the global nature of the industrial machinery business, this sharing and collaboration needs to flexibly support global collaboration.”
This is a perfect example of how cohesion between departments within a large company must be present for success to occur and the business stay afloat. All PLM solutions aim to streamline processes and eliminate waste yet solutions not focusing on the data, at the heart of every corporation, are not worth the money spent on it. Data is growing in size and complexity and a PLM solution must take that into account as well as address all departments’ ability to find and share information efficiently. Only those PLM products with product data access at the center of its solutions will stand the test of time.
Catherine Lamsfuss, February 27, 2012
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