How does PLM contribute to Corporate Sustainability?
When we refer to Product Lifecycle Management, we are talking about the digitization of information, process optimization, and real-time communication between enterprise departments.
How can PLM be sustainable?
To start with, it should be clarified what sustainability in PLM consists of:
avoid waste, reduce errors that increase time and energy resources for production and their adjustment
measure the Co2 impact on design decisions and manufacturing processes
re-use of resources throughout the product life cycle
ensure and adapt to compliance with regulations and compliance standards
We are Fourteen TEC, the leading consulting firm in Italy specializing in Product Lifecycle Management processes on SAP, and one of Europe's leading SAP partners.
We have implemented New Product Development processes for large multinational companies in Discrete Manufacturing, Automotive, Process and CPG.
A company that embraces sustainability ensures:
anticipation of the needs and requirements of future generations
promotion of environmentally sound economic growth
the market competitiveness of its products
For many businesses, sustainability is becoming a priority since there is an environmentally conscious consumer base that supports green activities, and project managers are looking for more and more advanced solutions.
For these reasons, implementing a sustainable product life cycle is essential in companies and corporations of any industry.
How to improve Corporate Sustainability
The life cycle of a product starts with the concept and the choice of materials.
It is possible to design products with less impact on the environment, by recording the costs of less sustainable materials that may also become difficult to source.
Next, by following the manufacturing process through to market launch, PLM supports communication between departments to digitize information and have more efficient and streamlined processes and workflows while reducing energy consumption.
In the launch phase, PLM helps companies understand the impact of new products on the market and the environment. While also relying on the management of information needed to meet regulations and compliance standards.
And last but not least, all information will be reusable and it will be possible to analyze data to measure the consequences of production methods, product design and supply chain choices on the environment.
At the same time having implemented a defined and efficient PLM process you will be able to analyze data to:
have more sustainable products
reduce the time and costs of the entire product life cycle.
improve business conditions and productivity
When new resources come in or when product changes occur, the entire team will be updated on history, versions and data.
As a result, you will get a significant return on investment by being more responsive to market trends and quickly replicating processes on new products.
Most importantly, enjoying full visibility and transparency during the design, development, launch, and after-sales phases will allow you to focus on new goals.
Is your company sustainable?
We understood how sustainability has become increasingly critical for organizations to remain relevant and competitive in today’s world.
PLM not only helps to better respond to market trends and manage the product throughout its lifecycle, but also to have more sustainable products, improving business conditions and productivity, and reducing time and costs.
For more than 10 years, Fourteen TEC has focused on improving efficiency, and implementing innovative processes for product lifecycle management.
You can contact us and schedule a meeting with one of our consultants.