What is most important when considering and looking at a PLM system?
Whilst the role of PLM is about information, how it is produced and handled, disseminated and shared, its goals have an impact on the whole business of any company engaged in its practices. It can be considered a core pillar of a company’s success; the backbone of everyday operations and a practice that helps define and reinforce the competitive advantage.
If you intend to review how dependable your own approach to PLM is, and the software you use to implement it, consider its reliability in achieving three main goals:
Design efficiency and productivity
Are you able to deliver the correct design data to any user, on any device, across the company? By securely storing and managing engineering design data and related documents, you can quickly find and re-use design and engineering data.
Cost reduction
Are you able to free up design engineers to focus on innovation rather than administration? By integrating product information with Procurement and Production you can deliver improved quality at lower costs.
Speed to market
Have you automated data sharing across your supply chain? By ensuring data accuracy for each delivered unit you can support field management and turn users into advocates; favourably impacting reputation and facilitating sales growth.
With the creation of robust, consistent, and unified information at its heart, PLM addresses the day-to-day issues that may arise from inconsistent information sources and methodologies, but can only do this if they’re all brought together in one platform. Such a platform can provide an automatic, and automated, connection between the constituent phases and practices involved in the overall PLM process.
Our Sovelia digital platform for engineering and PLM enables you to provide your teams the solutions they need for seamless collaboration, to link your processes and systems, and optimise your data.
Incorporating predefined industry best practice processes, an open data model and open interfaces, Sovelia drives cost-efficient practices by giving you the tools to create, innovate, and manage, effortlessly.
PLM can provide significant benefits to mid-sized Engineer-to-Order (ETO) and Configure-to-Order (CTO) companies by streamlining processes, enhancing information quality, promoting collaboration, and improving change management.
This article explores Product Lifecycle Management (PLM), a strategic approach to managing a product’s lifecycle from inception to disposal. You will learn about PLM software, its uses, and its main goals. We will discuss why PLM is important, what it means in business, and why companies use it.
Did you know that Sovelia Core allows you to manage all your documents, not just the technical ones? You can manage photos, offer documentation, orders, specifications, agreements — all in the same system. You don't need a separate document management solution; Sovelia Core has everything you need built right in!