Product lifecycle management synchronizes information, procedures and with its partner companies in a value-added industrial web.
In Right Time, the Right Data in the Right Context:
In the automotive sector, the product development process has been taken to a new level through digital transformation compared to other industries. Globally development of new car models and versions of already existing cars is increasing; various internal departments and external partners have to coordinate with each other under high-pressure situations, even though they are separated by different continents and time zones. New electronic and electro-mechanical features are making the product more complex. A growing number of collaborations and joint ventures are intersecting irrespective of the industry. Developers and designers need reliable software tools to do their work effectively with innovative features. These days, a quick, seamless application roll out is not enough.
PLM: THE PRODUCTIVITY ACCELERATOR:
Companies can get a detailed view of their product development and production control by implementing a product lifecycle management process. From the structural analysis to virtual prototyping, the software needs to enable precise planning of the results before the actual production and sale start. For fit, behavior, functions, performance, costs and reliability CAD information is used intensively and comprehensively. PLM, when coupled with big data analytics, can become a top-class productivity accelerator.
LOWER DEVELOPMENT AND PRODUCTION COSTS:
An end-to-end concept doesn’t simply oversee product information in isolation. It integrates applications, interfaces, and processes across various organizational units. As a result of this, PLM has a positive impact on engineering and production costs. Data and information about products and their development processes are always available in the latest version, which is redundancy-free. A factor which becomes more vital as downstream departments in the organization’s value chain, are networked with one another and started using the PLM software as part of a digital enterprise transformation.
GOAL: DEMAND-BASED MANUFACTURING:
The Industrial internet poses solid challenges to product lifecycle management. With tight coordination and collaboration in the development network along with highly automated production, will make us reach the next stage of industrial evolution with the smart factory. The goal of demand-based manufacturing is to focus on customer needs and current market demands. This will happen when all material and information flow in the supply chain management has been optimized. PLM is one of the secrets to capture this potential.