PLM Components

Sourcing & Supply Chain

PLM has advanced to meet the global business environment of developing and manufacturing complex products while working across diverse business functions and supply chain partners. PLM ensures quick response to market opportunities as well as changes in technology or requirements.

Leveraging the document management, component management, change management, process and collaboration components and capabilities within PLM, enables companies to respond to any of the business challenges presented with the international design and manufacturing processes.

Product complexity has skyrocketed over the last ten years and it continues to rise as electronics and software dominate and IOT becomes a reality. According to Gartner, the shift in product complexity has resulted in more than 8.4B connected “things” signing online in 2017 with 20.4B online by 2020. To conquer product complexity, manufacturers are undergoing a digital transformation to develop and market connected products and remain competitive.

  • Sourcing & Supply Chain
    Goodrich

    Reduced purchase/sales order processing from 19 to 2.5 days.

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