Five Signs Your Organization Needs PLM
Manufacturers must deal with global design, sourcing, and manufacturing while delivering consistent product quality and compliance. Faster innovation is essential to succeed.
Here are the top 5 issues which point to the need for more robust PLM processes:
- Collaboration: It’s challenging to collaborate with teams both inside and outside the organization. Without a PLM system in place, it’s often difficult to interact effectively with departments outside engineering – whether to share files, obtain approvals, or gather other information. Collaboration with stakeholders like OEMs, customers, and partners can also be problematic.
- Non-Automated processes: Manual processes cause inefficiencies and errors. Some manufacturers manually create Bills of Materials (BOMs). Once BOMs are created, that information then has to be manually entered into multiple information systems, increasing the likelihood of data entry errors.
- Document Management: Without a system that can handle document management, product teams spend excessive amounts of time saving and organizing files. Employees often accidentally lose or overwrite data, and it’s hard to find to the most current version of files due to poor file naming practices and proliferating file copies.
- Project Management: Teams struggle to manage projects and portfolios. When organizations use Excel files to manage projects, it quickly becomes impossible to determine project status in an accurate and timely way. By the time project managers roll up weekly status reports from different teams, the information is out-of-date and status is inaccurate.
- Intellectual Property: Without a PLM system in place, it’s virtually impossible for manufacturers to know who has access to sensitive intellectual property (IP). This is risky in today’s business environment where manufacturers often manage partners’ and customers’ IP, as well as their own.
A PLM system such as ENOVIA V6
can address all of these challenges, resulting in greater efficiencies and opportunities for innovation.