The best practices, technologies and people that are helping companies realize the promise of PLM
Not sure what PLM is? Well, you're not alone. Many engineering and manufacturing companies manage data, projects and processes manually with spreadsheets, folder systems and email. This probably sounds familiar to you. Well, there's a better way - product lifecycle management (PLM).
The monthly newsletter is the best way to stay up-to-date on the latest happenings in the Practical PLM community. Topics focus on business perspective and results-oriented PLM strategies and tips. This includes interviews with industry thought leaders, user perspective from daily practitioners, and much more.
For some time now, we have wanted to speak directly to the value of PLM as it relates to the profit and loss (P&L) conditions of a business. So, to kick off this issue, Martin van der Roest probes the topic further by mapping the value of PLM directly to P&L. We can play with benefit statements, KPIs and other metrics all we want, but there’s nothing quite like seeing the impact on the financials. If we add anything to the conversation about the business of engineering, it’s the idea that P&L needs to be looped into the mix.
Most of you as readers work at engineering and manufacturing companies. At first glance of the title, you may think we’ll be talking about the various industry sectors that are using CPQ. Yes, in part we are. But, the reality is that a significant number of users outside these companies are leveraging CPQ … prospects, customers and representatives of engineering and manufacturing companies. For example, companies like Dell.
Last month, we published Part 1 of this series with an introduction to CPQ. We talked about what it is, identified its value proposition and asserted, “Why PLM would be the ideal foundation for CPQ.” For Part 2 of this series, we dig a bit further and talk about the workings of CPQ. We received a question in response to our first part that serves a great lead-in to the next section entitled “CPQ and the Business of Engineering.” The question was “why not run CPQ as a standalone application?” STOP. Add yet another application? That’s what we are urging companies to reconsider. In this section, we weave the topic of CPQ into the spirit of Business of Engineering. To help you position CPQ capabilities within the “To-Order” spectrum, Dick Bourke wrote a brief for the Best Practices section addressed, “Matching CPQ with the “To-Order” Spectrum.” What we hope to illuminate here is that there is NOT a “one-size-fits-all” solution.
The Practical PLM Blog brings you articles and posts that highlight and examine the best practices, technologies and people that are helping companies realize the promise of PLM
Join Ideate and The vdR Group as we introduce an exciting new approach to managing Revit data. The rigid and siloed structure of Autodesk’s Revit data has been a long–time source of frustration for companies in the architecture, engineering, and construction (AEC) space. Revit projects and family data rarely “play nice” with enterprise–wide solutions such as ERP systems, PLM software, or even simple document management. While many AEC companies have invested heavily in enterprise solutions, they have found it difficult to seamlessly harmonize those solutions with the Revit environment...
What manufacturing company hasn't faced unnecessary rework, confusion on the shop floor and thus missed delivery dates? The cause can repeatedly be traced to unclear, ambiguous documentation often found in 2D drawings. Help is at hand, fortunately. An evolving solution for authoring product definition and design intent, sourced at the CAD models, is gaining recognition.
“As it stands, companies are missing the opportunity for an $8B bottom line impact. PLM investments could generate up to 50 percent higher returns if companies apply a sharper prioritization toward digitalization and pursue PLM programs as a means for true transformation.” We talk with 10s of companies per week. And the recurring theme is the same. Companies continue to use emails, spreadsheets, and unstructured file folders ...
The Practical PLM webinars are hosted by industry experts and practitioners who highlight and examine the best practices, technologies and people that are helping companies realize the promise of PLM. If you miss a webinar, we've got you covered with recordings of previous webinars in our on-demand library.
Liberate Revit Data through “Intelligent Parts” to Drive Company-Wide Efficiency
Practical PLM Webinar Series Part 2 – Creating a “PLM Beachhead”
Aras VPLM for Autodesk® Vault - A vdR Demo Video