PLM Might be the Definition of Innovation
April 5, 2012
Manufacturing has turned to product lifecycle management (PLM) to increase productivity and product development. Recently, Jos Voskuil’s weblog explored “PLM and Innovation.” He says those two words are used “as Siamese twins, but no one explains explicitly why they are connected.” He explores three different ways PLM supports innovation – invention discovery, support selection for the right invention and support new product introduction.
Companies usually look outside their walls to find inventions. Voskuil believes that companies “can stimulate invention by implementing the modern way of PLM and not use PLM as an extended PDM.” Secondly, PLM helps innovation by “assisting companies to select the right opportunities that can be the next big opportunity for these companies.” Finally, Voskuil says that PLM helps can “bring this opportunity to the market as fast as possible, with the right quality and the right manufacturing definition.”
“A famous PLM one-liner is for PLM is: PLM – doing it right the first time, it refers more to the fact that a product introduction process is done only once and with the right quality. It does not mean iterations to improve or change the product scope are not needed.”
Today’s PLM is the definition of innovation for numerous industries across the board. Companies like Autodesk and Inforbix are totally changing the way manufactures handle their product development. Inforbix as revolutionized the way companies find, reuse and share their product data. That seems to be the textbook definition of innovation.
Jennifer Wensink, April 4, 2012
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