New Generation PLM products helps manufacturers in the following ways:
PLM products helps in establishing Open and Secure Digital Environment for product development through which all the people in the company including strategic partners and even customers can take part in product and process improvements by comparing balancing and optimizing different products, directly linking the performance and manufacturing considerations with design intents. It takes care of following things
·Digital Product Development:
New product development and introduction approach that captures
knowledge and reuse it in a managed environment.
·Digital Manufacturing:Helps in knowledge management with improvement in processes in a virtual environment that let companies optimize the quality,process,plant ,resource and simulation aspect of their manufacturing process.
·Digital LifeCycle Management:Helps organizations to engage all the parts of their business in the introduction of successful new products. Keep track of all the processes separately in each and every
stage of the product and also the changes made to the product in each and every stage.
New Product Development and Introduction
PLM products help in Design, simulate, validate and manufacture innovative products by establishing real-time,global collaboration among people and processes in R&D, product planning, sourcing development and launch.
It helps in various ways
PLM enables success in this initiative by providing the means to:
· Reduce cycle times and speed new products to market
· Support an environment for global product development
· Help evaluate innovations and develop related products
· Accurately identify the demand for new classes of products
Synchronization of Supply Chains
PLM products respond effectively to global demand by optimizing the exchange of ideas as well as product and process information among all players at every stage of the supply chain.Supply chain synchronization establishes the basis for a design anywhere, build anywhere global strategy. It helps companies gain the needed visibility to collaborate across the value chain. Engineering and procurement
are integrated with suppliers.
It helps to achieve this initiative by it's ability to
· Quickly align strategic partners for success
· Connect global suppliers to synchronize cost, quality and availability
· Align partners and suppliers to minimize cost and maximize quality
· Manage requirements in a global partner environment
Enterprise Data Management
PLM products helps in leverage physical and intellectual assets for greater competitiveness by managing and providing secure to critical product and process data over the life of the product.
PLM enables success in this initiative by it's ability to:
· Unify people, processes and products to support rapid and strategic decision-making
· Control and share product and process data globally
· Institutionalize best practices and minimize non value tasks
· Manage, analyze and track all product and process requirements
Knowledge and IP Management
PLM products continually improve product and process development by capturing and automating the knowledge of experts employees.
PLM enables success in this initiative by helping companies:
· Eliminate time-consuming redesign cycles by leveraging corporate-wide knowledge
· Secure corporate IP across a global environment of partners and suppliers
· Reapply corporate innovations in new product environments
· Enforce consistency and quality of company innovations/brand attributes
Regulatory Compliance
PLM products helps to mitigate risk and achieve compliance by ensuring adherence to environmental, safety,financial and governmental regulations early in the design cycle and by automating data collection and reporting.
PLM enables success in this initiative by helping companies:
· Quickly design-in and validate for compliance
· Develop product variations to meet regulations that differ by geography or industry
· Re-use previously certified parts and processes
· Create a compliance audit trail through quality document tracking
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