What is PLM and How to Realize Value of Product Information?
Our experience is that there are as many answers as questions within the subject. Every day we meet difficulties regarding ambiguity in purpose, function, scope and possibilities with PLM.
Today the concept of PLM is relatively well established in Design & Manufacturing departments in most manufacturing companies, but far from a cross-functional concept in other parts of the organization.
The pace of development of PLM is far too low in correlation to market needs and increasing product complexity. This in combination with new- and data driven business models, makes PLM more relevant than ever.
An explanation to this could be that PLM software vendors historically have had a limited focus on processes directed to construction departments and their dialogues with manufacturing.
Through our many years of experience we have formed a relevant understanding of the benefits and potential of PLM as a concept. Along with how it contributes to a company’s strategic and operational evolvement, far beyond the boundaries of only product development and manufacturing processes.
PLM enables available, traceable, machine readable and trusted product information. Therefor PLM possesses the ability to bring functions together and support a seamless flow of information related to a product (a so-called Digital Thread). PLM empowers possibilities to customize products (configuration), impact assessments, real-time reports and development of service-adapted business models.
We offer as-is surveys and analyzes, proposals for scalable solutions and incremental implementation of strategy throughout the whole value chain, as well as operational activities within the Product Information area.