PLM as a Survival Tool
April 24, 2012
In the recent book Great by Choice (HarperBusiness, 2011), co-author Jim Collins contends that forward-thinking enterprises require discipline and organization as well as innovation in order to succeed in today’s uncertain global economic climate. Consequently, by making use of such technological solutions as product lifecycle management (PLM), companies can corral their often fragmented product information and correspondingly enhance their responsiveness to customer demands and market conditions.
Supporting Collins’ contention is Stephen Porter, who, in an article entitled “The PLM State: How Fast Can You Turn Your Ship?” that discusses Collins’ book and that recently appeared in the blog Zero Wait-State, The PLM Experts, explains how the implementation of PLM solutions for organizing data is integral to corporate success:
“Having your product record captured in a single system and fully defined gives a company enormous control over their product development process. Controlling all of the information that defines a product and having the ability to capture process as well allows discipline to be applied and to measure and quantify the time it takes to develop these products. If you do not have PLM in place doing this can be almost impossible unless you are an extremely small organization or developing very simple products.”
Given the pace of change in today’s business climate, PLM technology that is cloud-based, scalable, and intuitive will provide the most immediate as well as the most sustained benefit to progressive companies seeking to implement a data management solution that will enable them to easily find, reuse, and share product data throughout the enterprise.
Tonya Weikel, April 24, 2012
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