5 benefits you can get from an advanced PLM solution.
A Product Lifecycle Management (PLM) solution is one of the most important components to achieve product excellence. I recommend you to read the 5 PLM benefits that everyone should know if you have not yet.
We are Fourteen TEC, one of SAP's most qualified partner in Product Lifecycle Management (PLM).
We have implemented the first native PLM on SAP, Mars PLM, focusing on business processes, efficiency, collaboration, and productivity.
Cost Management
Having clear visibility on the budget and the costs of the product development project is essential to formulate the right price for the product.
Is possible to reduce the risks related to the management of development projects, by having a PLM that provides a complete view of the product portfolio and manages activities.
Increased Revenue
To get higher revenues you need to improve operational inefficiencies, reduce costs, launch high-quality products and accelerate time-to-market.
With a more collaborative platform, teams no longer have to answer individually to emails or send up-to-date product design files.
A PLM software consolidates all product data in one workplace.Better quality product
Businesses can prioritize and plan success better when they can leverage data-based information directly from all the teams involved.
Last but not least, the PLM allows companies to collect usage information from customers (problems, replacements, failures...) to create a feedback loop that helps design and development teams create better solutions while ensuring that products comply with the regulatory framework.
4. Increased Customer Loyalty
Continuously improving products based on usage feedback and maintaining compliance with current regulations, helps companies to gain trust and loyalty.
Similarly, a PLM system can help companies that work with engineering-to-order processes to monitor maintenance requests.
Satisfied and happy customers will continue to buy/order our products, generating recommendations for other people who might want to try them.
5. Scaling your Business
It is possible to increase production, speed of innovation, revenues and customer loyalty thanks to better processes. All this means the growth of your business.
Having a PLM system, like Mars PLM, allows you to be more agile and flexible even when growing:
the extension of product portfolio with an established system will not be a problem
sharing details of the new product with all departments will be simplified by a system that already takes care of sharing this information
have an organized and unique system of file, data and task helps to reduce the impact of employee turnover
If you want to see live an advanced PLM system on SAP, join one of the upcoming Mars PLM overview webinars.
Do you want to discover how the advantages of a PLM solution work on SAP? Request a free demo with a qualified consultant.