TechDogs- "Payback Of PLM"

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Payback Of PLM

By Siemens Digital Industries Software

Siemens Digital Industries Software
Overall Rating

Overview

Product Lifecycle Management (PLM) software enhances engineering and product development by optimizing data, processes, and project management for manufacturers. Justifying the investment in PLM is crucial, and research indicates that top-performing companies are 47% more likely to leverage PLM for innovation, development, and design support.

PLM offers strategic business value by reducing non-value-added engineering time, resulting in higher efficiency, faster time to market, and increased customer satisfaction. Improved data access minimizes recalls and warranty costs, while early involvement of Manufacturing and Sourcing accelerates production and boosts sales. Enhanced information sharing fosters collaboration with customers and suppliers, leading to innovative products and expanded market share. Cloud PLM makes these benefits more accessible, facilitating quicker implementation with lower resources and risk, ultimately delivering significant top and bottom-line financial improvements.

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Tags:

SiemensProduct Lifecycle ManagementNew Product DevelopmentBasic Product Data Management

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