Product lifecycle management is the solution you as executive manager is looking for all along. With PLM the whole product lifecycle management can be focused on, with implementing ESTEQ’s products that form part of the PLM-solution.
As an Executive Manager, you have to address complex and challenging needs and problems in the virtual, technological and global environments. As situations evolve, you have to solve problems by making decisions on the basis of you business theory, competencies and capabilities.
Product lifecycle management represents a transformational business strategy for global manufacturers – a strategy built on common access to a single repository of all knowledge, data and processes related to your products.
As an enterprise business strategy, it lets distributed organizations innovate, develop, support and retire products throughout their lifecycles as a single company. It captures best practices and lessons learned in products, processes and intellectual capital for re-use. It provides visibility into workflows and dependencies critical to management decision-making, speeding the innovation and launch of successful products.
As an information technology strategy, it builds a coherent data structure that enables real-time, virtual collaboration and data sharing among geographically distributed teams. It lets companies consolidate systems while leveraging existing investments during their useful lives.
Through open APIs and adherence to standards, it minimizes data translation issues while providing information access to those who need it to make effective decisions at every stage of the product’s life.
Through product lifecycle management, companies can achieve the next level of business value – top-line growth fueled by successful products accompanied by managed product-development costs and streamlined operations all along the value chain.
Whether you pursue top-line growth through product or process innovations or through superior customer and supplier relationships, the knowledge, practices and technologies you use to support the product lifecycle are at the heart of your success.
Significant efficiencies have already been gained by automating back-end functions through enterprise resource planning (ERP), supply chain management (SCM), customer relationship management (CRM) and other technologies.
Companies will achieve the next level of business value and innovation through optimization of processes that take place prior to product release: design, development, procurement and launch. This is where your opportunities, as well as your downstream costs, are established.
Product lifecycle management lets companies streamline these functions and integrate them with ERP, SCM and CRM systems. It provides a vehicle to establish coherent, repeatable functions, processes and information over the life of the product _ from ideation to retirement.
Manufacturers that have embraced PLM are realizing its benefits today. They are avoiding costs across the lifecycle, creating opportunities to innovate faster with better results and extending the contribution of existing products to top-line growth. |
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