CIMdata PLM Industry Summary Online Archive
March 2006
CIMdata News
CIMdata in the News: Maximizing Competitive Advantage through PLM: Designing a Manageable, Scalable and Cost-Effective Architecture for Innovation
New product development is the lifeblood of every manufacturer, yet many firms fail to effectively manage innovation throughout their organizations. Without a disciplined process for development, design, manufacture, sales and service of new products, these firms can easily squander resources, time and market share to better organized competitors. Fortunately, new PLM solutions can help manufacturers re-capture these opportunities while achieving economies of scale across the enterprise. This eBook, Maximizing Competitive Advantage through PLM: Designing a Manageable, Scalable and Cost-Effective Architecture for Innovation, outlines a step-by-step process for executives, IT professionals, designers and engineers and to build a collaborative PLM infrastructure that will simultaneously drive innovation and manage resources and costs more effectively.
In Chapter 2 of this ebook, the author cites CIMdata's observation that organizations that successfully integrate PLM and ERP realize enormous dividends and includes the following statistics as proof:
CIMdata reports that successful PLM and ERP integration typically results in a 75 percent reduction in the time, cost, and errors associated with rekeying data entry from one system to the other. It also provides a 75 percent reduction in bill of materials (BOM) error cost, because BOMs are created once and then managed consistently in both PLM and ERP systems; a 15 percent reduction in inventory costs because designers and engineers know what parts are already on hand and incorporate them into products or reuse parts more effectively; and an 8 percent reduction in scrap materials.
This ebook is free. However, you must register for this eBook and have logged in with the username and password issued to you for this eBook in order to access the chapters. The book is posted at: http://b2b.pentoncustommedia.com/t?ctl=2282A:38E8B1 .
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