“As it stands, companies are missing the opportunity for an $8B bottom line impact. PLM investments could generate up to 50 percent higher returns if companies apply a sharper prioritization toward digitalization and pursue PLM programs as a means for true transformation.” We talk with 10s of companies per week. And the recurring theme is the same. Companies continue to use emails, spreadsheets, and unstructured file folders ...
Read MoreNo Other Platform Provides the Needed Single-Source-of-Truth like PLM. CPQ draws on a wide variety of data and is critically process dependent. If ever there were applications that could use “single source of truth,” it is CPQ. But, for many companies, spreadsheets, file folders, email exchanges and various home grown and internally maintained applications are their “CPQ-lite.” On top of all of this, the “change train” keeps barreling along. Data is never static. Change does not stop. Time-outs don’t exist. And, undoubtedly, the “intervention cycles” will be high and unsustainable. Let’s recall the presentation from an earlier issue as a step toward making the case...
Read MorePLM inherently touches multiple departments and areas of responsibilities. The value of part and product data, files, drawings, specs and schedules for example, extend beyond the engineering and manufacturing departments. But, the reality is various teams/groups in the organization invariably acquire technology solutions specific to their needs. Hence the silos of data and disconnected processes are perpetuated.
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