Manufacturers need to be more innovative and resilient than ever. There’s constant pressure to change due to internal and external forces such as customer expectations, market conditions, supply chain issues, and competition.
To address their challenges, manufacturers are digitally transforming how they operate. They’re evolving outdated product development methods by using technology solutions that reduce waste and increase time and resources for innovation. PLM is key technology solution and enabler of digital transformation with data and process management capabilities that are more efficient and effective than manual efforts and disconnected systems.
PLM connects people, processes and data across the enterprise to create a collaborative environment for all involved in the lifecycle of their products, including suppliers, partners and customers. This allows manufacturers to spend more time on innovative ways of working, while reducing development costs and cycle time, so they can focus resources on getting more competitive products to market faster and seize more business opportunities for growth.