PLM Business Case

Share This Article

PLM business case embarks on a transformative journey with NeelSMARTEC, optimizing manufacturing efficiency and innovation for unparalleled product excellence. The business case explore the utilization of product lifecycle management system within the manufacturing enterprises irrespective of size – Small to Medium Enterprise (SME), Original Equipment Manufacturers (OEM) and Original Design manufacturer (ODM).

PLM Business Case by Neel SMARTEC : Product Lifecycle Management business use case by different cross functional team members of New Product Development or New product Introduction

Introduction:

In the era of increasingly sophisticated and interconnected products, manufacturing enterprises are facing the demand for advanced design solutions to support product development. Product Lifecycle Management (PLM) emerges as a comprehensive solution, managing the entire product journey from concept inception to retirement. By adopting PLM, organizations gain a holistic perspective of their products and related processes, resulting in enhanced efficiency, streamlined new product development, cost reduction, increased productivity, and elevated product quality.

Business Challenges:

A significant challenge lies in the confinement of product design within the realm of CAD applications, accessible only to design engineers. This restricts data sharing and inhibits the distribution of updated CAD designs among geographically dispersed designers working on the same component. Approvals and design reviews predominantly occur through outdated paper-based methods or scattered email exchanges. The lack of a traceable data history complicates product development, and collaboration within New Product Development/New Product Introduction (NPD/NPI) teams is hindered.

Pre Condition:

NPD/NPI programs typically employ CAD applications for 3D modeling or 2D drafting as per quality function deployment.

Approach:

At the core of PLM, Product Data Management (PDM) facilitates seamless sharing of design data among CAD developers, utilizing a check-in/check-out system within both a common storage space and personal workspaces. The product details page offers comprehensive insights into the product structure, including information on “where used by” and “referenced by.” Access control ensures cross-functional stakeholders can approve data access according to their mapped role within PLM. The Bill of Material (BOM) and 3D neutral product views provide diverse representations of the product structure, aiding NPD/NPI team members without CAD access. The product/part progresses through various stages in its lifecycle, with distinct teams, guidelines, and approvals at each stage. Workflows transform company practices and regulatory requirements into documented, repeatable processes.

Result:

A compelling PLM business case embodies the principles of concurrent engineering, providing meticulous configuration control over product data throughout development. This spans from initial concept through design, manufacturing, and complex product structuring. It encompasses materials information, visualizations, associated files, engineering changes, and historical data. Moreover, PLM seamlessly integrates heterogeneous CAD applications, fostering a unified approach.

Are you ready to unlock the true potential of your manufacturing enterprise, regardless of its size? Embrace the power of Product Lifecycle Management (PLM) to revolutionize your product development process. Let NeelSMARTEC be your partner in this journey, as we help you seamlessly navigate the complexities of design, collaboration, and innovation. Contact us (contact@neelsmartec.com) today to explore how PLM can catalyze your business growth and product excellence. Your future in the smart connected age starts here.

Neel SMARTEC Consulting - PLM and IIoT
Neel SMARTEC

Neel SMARTEC Consulting shines as an eminent engineering consultancy, specializing in the realms of PLM (Product Lifecycle Management), ERP (Enterprise Resource Planning), and IIoT (Industrial Internet of Things) solutions. Since our inception in August 2018, our unwavering commitment to delivering unparalleled consulting excellence has remained the bedrock of our endeavors. Proficient in the domains of PLM, ERP, and IIoT, we empower our clients to evaluate their business's readiness, fortify their technological infrastructure, meticulously analyze domain-specific value chains, chart meticulous roadmaps, and expertly construct compelling business cases. These preparations empower them to embark on their transformative journey into the realms of PLM, ERP, and IIoT with resolute confidence.

error: Content is protected !!