Ask the Manufacturing Execution Systems (MES) Expert: Scheduling Assistance
 Asked on May 25 2005 4:34:08:000PM | Q | What are some of the operational benefits that companies have experienced with PLM? William, Minneapolis, MN |
| A | PLM enables companies to effectively integrate and use product definition information across the entire enterprise including sales and service, marketing, production planning, plant operations, customers and suppliers, as well as engineering, research and development. By increasing an enterprise's flexibility and agility to respond swiftly to new changes or new markets and competitors, PLM helps enterprises: - Deliver more innovative products, services, and marketing -- improving customer intimacy
- Reduce costs, improve quality, shorten time to market and ROI -- increasing revenue and profitability
- Establish more comprehensive, collaborative, improved relationships with their customers, suppliers, and partners -- ensuring long-term corporate viability
PLM solutions have a positive impact on an enterprise's bottom line. Examples of specific benefits achieved by enterprises that have deployed PLM solutions include: - A 40% improvement in product change cycle times
- A 15% to 30% reduction in prototypes
- A 40% reduction in lead times
- A 25% productivity increase in design engineering
- Reduced development time for a household product by 75% -- from 18 months to 4 months
- Reduced time to cost a product from 5 days to 5 minutes
- Reduced an engineering review process by 83% --from 12 day to 2 days
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