8 Useful Tips For Improving Product Lifecycle Management
January 24, 2022
Product Lifecycle Management (PLM) has been described as an information strategy that enables companies to work as a single team to design, produce, support, and retire the products they manufacture while also gaining best practices and lessons learned. The aim is to improve the quality of products and processes. Here are 8 useful tips for improving product lifecycle management.
Don’t Allow The Tools to Dictate The Process
Project teams implementing PLM can get lost in the weeds. Have clear results and improvement goals in mind. Don’t let the tools dictate your process; First define your process, closing all known gaps. Then review the tools and match them to your needs. It’s a good idea to look at the tool’s capabilities first to make sure you know the best practices and can benefit from them, but don’t let one tool dictate a process to you.
The most important function of a PLM system is to encourage collaboration between people with different functional responsibilities. It allows them to work in parallel instead of linearly by creating a common source of information for product and process knowledge. This can encourage innovation, improve quality and reduce time to market for new products.
Consider Life Cycle Costs.
When evaluating fitment options, always include life cycle costs in the equation. In most investment situations, the initial cost of the equipment is 25 percent of the life cycle cost, with the remainder being the cost of operating and maintaining the equipment.
Keep it Simple
Remember that hardware and software designs have a direct impact on industrial productivity. The most elegant and complex system design will only help a customer if it is faster, easier to maintain, consumes less energy, and most importantly, can be understood by plant maintenance personnel. Sometimes it’s better to sacrifice the elegant and complex for the simple and easy when the result is a faster and easier-to-maintain assembly line. Those who care about manufacturing productivity will appreciate it.
Mandate Essential Validation
Choose a PLM software that can validate the production system in a simulated 3D environment. This allows failure risks to be identified in different parts of the process or equipment. The software can also be used to determine the best way to design production lines to move material across the factory floor.
Consider Recovery Option
Don’t be afraid to let others know when a system has reached the end of its useful life. The fact that an outdated system works today does not guarantee that it will work tomorrow. update if necessary. But don’t upgrade just to get the latest technology if there’s no real payback.
Follow The Team
When you’re looking for new maintenance software, make sure downtime, maintenance hours, and material costs can be easily tracked for every important piece of equipment. This will help you make informed decisions about whether to replace, upgrade, or leave each part alone. It’s also possible that some software vendors use the information to evaluate their technologies.
One element of PLM is digital manufacturing, an integrated computing system consisting of simulation, 3D visualization, analysis, and collaboration tools. It is used to create definitions of products and manufacturing processes at the same time. By allowing product-related information to be shared between design and manufacturing groups, you can reduce the costly changeovers that often occur when flawed product designs reach the manufacturing stage.
KloudPLM offers a cloud-first PLM solution that helps you to create the products of tomorrow. Different teams such as marketing, sales, engineering can use KloudPLM and work together to get the product from concept, to design, to market. Start improving your product lifecycle management by scheduling a demo today.