Product lifecycle management programs are essential for companies interested in compiling data on product creation, development, and marketing that can be used during the production of other products, to reduce both time spent on production, and the costs associated with production. The software associated with PLM solutions utilizes engineering tools to allow several processes to take place simultaneously, making product production as much as 70% more efficient. It's hardly surprising that the product lifecycle management industry is worth about $25 billion. There is little argument to be made about whether PLM solutions are worthwhile. Instead, we're going to focus on PLM implementation plans for businesses that are ready to take advantage of quality PLM programs.
Tip #1: Plan Ahead
The implementation of a PLM plan becomes essential to your company's infrastructure. Try to think ahead at least three years, considering the growth you expect to experience. When you're choosing a PLM plan, make sure it's one that has the features and modules you will need in the future.
Tip #2: Implement in Stages
The best PLM implementation plans don't happen all at once. Identify critical issues in your product development process, prioritize those issues, and determine how quickly they can be addressed by each PLM solution before making a decision. Six week increments are generally recommended for smaller companies.
Tip #3: Be Wary of Customization
Some companies use customization as a selling point. While configuration is a bonus, customization can lead to difficulty in the future, when new versions are released. Try to avoid any major customizations that will leave you beholden to a particular vendor.
Tip #4: Focus on Usability
While many PLM solutions look very similar at first glance, it is important to dig a little deeper. Conduct an assessment, looking at usage examples, so that you can determine which software programs truly are easy to use and easy to implement.
Tip #5: Get References
Before you select a program, look at the results for comparable companies. Real world examples can help you understand what you're really signing on for. Have a few specific questions ready so that you can be sure that your concerns are addressed.
Tip #6: Measure, Measure, and Measure Some More
It's hard to quantify the impact of a PLM program unless you have a solid understanding of your current productivity. Before you start the purchasing process, document your current development process and identify areas of potential growth. Without establishing a baseline, you'll have no idea how much you've improved!
Tip #7: Don't Put it Off
Get your PLM implementation plan going as soon as you can. Even if your budget is tight, you can't afford to lose out on efficiency. The longer you wait, the more complicated implementation will become, and the greater a head start you will have given to your competition.
Implementing a PLM plan for your company could be the best decision you make. Be sure you think through the process carefully and choose a program that is compatible with your business model. It might be time for a change, and that change should unequivocally be for the better.
