Companies today must provide a memorable customer experience in addition to simply selling products in the experience economy. Successful design requires technical expertise, collaboration, agility, and knowledge sharing to accomplish this. While implementing product lifecycle management (PLM) is a giant step in the right direction, it’s important that we ensure we are getting the maximum…
Companies today must provide a memorable customer experience in addition to simply selling products in the experience economy. Successful design requires technical expertise, collaboration, agility, and knowledge sharing to accomplish this. While implementing product lifecycle management (PLM) is a giant step in the right direction, it’s important that we ensure we are getting the maximum benefits from this implementation to drive innovation.
This article will discuss how businesses can use product lifecycle management coupled with experience-based approaches to develop profitable products in the modern experience economy.
Three Steps to Consider after PLM Implementation
Step 1: Provide Designers with the Right Tools and Environment
Designers require the proper resources and environment for product development to create successful products. Companies should give designers access to cutting-edge software tools that make it simple for everyone involved in the product development process—from ideation to engineering to manufacturing—to collaborate. This includes engineering change management, configuration management, bill of materials management, and design management tools.
Step 2: Embrace Product Lifecycle Management
Product Lifecycle Management (PLM) is a tool for overseeing a product’s entire lifecycle, from conception to market. An integrated set of software tools called PLM manages the crucial data produced by product development organizations and links it to the related engineering and business processes. Businesses can increase productivity, cut costs, and shorten time to market by embracing PLM.
PLM should now be a component of a comprehensive strategy for sustainable growth and competitive differentiation because it has evolved beyond being just an IT infrastructure. It is more important than ever to assess current and future business requirements to ensure that the PLM strategy aligns with the overall company strategy.
Step 3: Adopt a Platform-Based Approach
Manufacturers must implement a platform-based approach to connect the value network and promote sustainable innovation to address the growing business, product, and process complexity. Every stakeholder benefit from the 3DEXPERIENCE platform because it connects them to a single source of product definition. The platform ensures everyone works with the most recent information by providing digital continuity across a vast and strong range of data-driven apps. Increased productivity, improved teamwork, lower costs, and a shorter time to market are the outcomes of this.
How can you begin to achieve success?
Drive Innovation and Best-Practice with The 3DEXPERIENCE Platform
Dassault Systemes created 3DEXPERIENCE to serve as an innovation platform to help businesses embrace business value networks and explore social possibilities. By enabling all participants in the innovation process—creativity, design, engineering, manufacturing, marketing, sales, and services—to share a single source of truth and work more productively together, the platform offers businesses a holistic approach to value creation. With data-driven and model-based apps for product modeling, stakeholder engagement, manufacturing excellence, and simulation technology for structures, fluids, plastic injection molding, acoustics, and structural
Leverage PLM Collaboration Services
The 3DEXPERIENCE platform’s PLM Collaboration Services is a crucial collection of apps. These services for product lifecycle management offer a complete and powerful set of features. PLM capabilities on the forum ensure that all key stakeholders are included in the PLM processes and that PLM data is accessible to everyone in the value network. It enhances communication and transparency, which results in quicker time-to-market and more effective product development.
In conclusion, in today’s experience economy, product lifecycle management is crucial for designing successful products. To connect the value network and promote sustainable innovation, manufacturers must use a platform-based strategy to address the rising business, development, and process complexity. The 3DEXPERIENCE platform offers comprehensive and powerful capabilities to meet all present and future needs. Manufacturers looking for a PLM solution should consider whether the chosen solution can handle the innovation process necessary to remain competitive now and in the future. Companies can rely on the 3DEXPERIENCE platform’s robust and flexible architecture and breadth of application to solve today’s and tomorrow’s challenges as their business objectives change.
3DEXPERIENCE Platform with TriMech Enterprise Solutions
Our TriMech Enterprise Solutions team is experienced with implementing the 3DEXPERIENCE Platform, which can be installed as an in-house or cloud-based solution for globally dispersed enterprises.
To learn more about how the 3DEXPERIENCE platform PLM is making innovation easier read our whitepaper