Software and PLM solutions: how are used by leading companies.
How PLM solutions are used by leading companies?
PLM solutions have many benefits.
Primarily investing in an advanced PLM solution is fundamental for companies that need to:
breakdown silos
encourage innovation
streamline processes
Let’s see how leading companies are moving towards this topic.
We are Fourteen TEC, one of SAP's most qualified partner in Product Lifecycle Management.
We have implemented PLM processes for big corporations in the Industrial Automation, Automotive, Aerospace, CPG, Fashion & Energy industries, focusing on business processes, efficiency, collaboration, and productivity.
SAP shows us the obstacles, investments and benefits based on data gathered by research between R&D and engineering professionals from the most successful manufacturing companies in the world.
The main obstacle affecting company performance is product lifecycle data management within silos.
The lack of a cross-section flow of information across all departments and a global product lifecycle overview increases time-to-market times.
“What stands in the way of unleashing engineering and R&D teams’ performance?”
Business investments to improve efficiency.
Overall, 98% of companies said they are going to invest in a technological area to overcome this challenge.
Investing in a PLM solution is one of the principal answers by customers.
A native software PLM for SAP is Mars PLM that allows you to accelerate product lifecycle management processes and stay focused only on valuable tasks for your work.
“Where are leaders investing to overcome these challenges?”
How PLM processes are handled?
Just look at how processes are currently being managed, to understand how pressing it is to consider a PLM investment.
In fact, the largest percentage still uses a mix of digital solutions and analog processes.
“How is PLM currently handled?”
The advantages of PLM, seen by customers.
The companies that have already implemented PLM solutions claim, in fact, that the most highly found advantages are:
improving development, engineering efficiency
and effectiveness
elimination of errors and higher quality design
reduction of time-to-market
“Benefits of advanced PLM solutions leaders value most:”
31% Improve development, engineering efficiency and effectiveness
29% Elimination of errors during engineering release process
25% Reduce time to market
25% Improve project delivery
23% Higher quality designs
What are the most sought-after features in a PLM software?
The most sought-after key capabilities are the integration of processes and data between Engineering and Manufacturing, change management and control of production costs.
“Most sought after features of advanced PLM solutions:”
29% Manufacturing and Process Management (Hand Over to Manufacturing)
28% BOM Management
26% Change Management and Workflow Capabilities
25% Quality Management
22% Product Cost Management
We can say that PLM solutions are an investment that can lead to measurable performance improvements across the organization, and not just in the Engineering phase.
Do you want to discover how the advantages of a PLM solution work on SAP? Request a free demo with a qualified consultant.