Select a PLM Solution to Make Better Products

Selecting a best-fit solution requires balancing needs, cost, and incumbent applications.

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Lacking the technology to view the entire product lifecycle results in:

  • Wasted time, money, and effort spent recreating product information that could otherwise have been leveraged from existing artifacts.
  • A lack of understanding by both IT and the business as to why PLM is essential to ensuring product initiatives are scalable and cost effective.

Selecting a best-fit PLM has many benefits. It:

  • Reduces the number of engineering change orders (ECOs) per product.
  • Increases the percentage of parts digitally modeled per product.
  • Improves product yield.

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Module 1: Understand PLM and Elicit Requirements

The Purpose

  • Understand the fundamentals of PLM tools and their real-world business applications.

Key Benefits Achieved

  • A clear understanding of what PLM is capable of and where it fits within the enterprise application ecosystem

Activities: Outputs:
1.1 Introduce PLM technology.
  • An understanding of the history and current state of PLM
1.2 Kick off the requirements gathering initiative.
  • An outlined elicitation plan
1.3 Elicit requirements.
  • A list of functional requirements from stakeholders

Module 2: Conduct an Environmental Scan and Internal Review

The Purpose

  • Examine where the organization’s current product lifecycle processes stand.

Key Benefits Achieved

  • Understanding of what is needed from a PLM initiative to drive efficiency and differentiate your organization from its competitors

Activities: Outputs:
2.1 Conduct business process mapping.
  • An understanding of the processes that a PLM will need to support
2.2 Perform a competitive analysis.
  • n understanding of comparable organizations’ approach to PLM
2.3 Gather document system requirements.
  • A list of system/technical/nonfunctional requirements

Module 3: Shortlist Vendors

The Purpose

  • Achieve readiness for vendor demonstrations.

Key Benefits Achieved

  • Creation of a custom vendor shortlist

Activities: Outputs:
3.1 Review PLM vendor landscape.
  • Understanding of the PLM vendor market
3.2 Create vendor weighting criteria.
  • A standardized framework for scoring PLM vendors
3.3 Create a custom vendor shortlist.
  • Vendor shortlist
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