Is PLM an Expensive Investment for Mid-sized Manufacturers?
If you’re a mid-sized manufacturer, your product manufacturing are probably getting more complex. You may be experimenting with new materials, new designs, making smarter products, using new product techniques or all of them. like most of mid-sized manufacturer, you’re working with partners and your supply chain is pretty fragmented. How do you keep everything under control?, How to prevent mistakes? Is PLM the best solution for these problems?
“Report shows that top performing companies are 85% more likely to use PLM than other midsized and small sized manufacturers”
What top performing companies are doing differently with PLM?
It is a great option with proven ROI .It offers significant benefits to the top and bottom lines by increased productivity, reducing mistakes, and even improving innovation and time to market. Most importantly for mid-sized manufacturers, it helps companies to stay agile and closer to their customers.
The truth is no one knows the capabilities of PLM Software. Once you understand what it is and capabilities of it you will find it simple. It makes the Production life-cycle transparent.
Most of the mid-sized and small manufacturers are using traditional way of controlling their manufacturing process and Data. But those tools lack control, security, and other important features necessary to help manage data.
PDM is another option. It offers a lot of value by helping manufacturers control, access, and share product data. That might help small manufacturers. But mid-sized companies typically need more of what PLM provides: collaboration, compliance, project management, and support for more cross-departmental processes. Perhaps that’s why the Top Performers use more of the capabilities it offers.
The truth is PLM doesn’t have to cost a lot of money and take a lot of time to implement. Investing in it creates a foundation for larger benefits in the future days. But they need to look into the future to know what kinds of capabilities they can benefit from.
There are lot’s of solution available in the market so It is important to you that what you need from a PLM solution and which Solution to choose. When everything meets your requirement you will take the best out of your Production manufacturing.
