Product Lifecycle Management (PLM) helps manufacturers in many ways ranging from operational efficiencies to top-line financial improvement. It improves business performance in multiple dimensions including increased revenue, reduced product cost, and decreased product development cost. But PLM is just one of many systems in the engineering and enterprise software ecosystems, and provides greater value when it shares data and connects workflows with other software. As reported in Product Lifecycle Management Beyond Managing CAD, “Top Performers are much more likely to integrate PLM with a host of other systems.”
We surveyed over 150 companies to understand their PLM integration strategy, processes, and technical enablers in order to understand how proper integration can extend PLM value. The findings indicate that the vast majority of manufacturers view PLM as “Strategic” or “Important.” It also finds that many believe that PLM integration will become even more strategic (and challenging) as IoT initiatives progress.
Download the white paper below.