How PLM Can Help You Bounce Back to The Top Post Pandemic

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Coronavirus has hit everybody hard with surprise. But this will not be the last pandemic that we will encounter. With the pandemic, many organizations have faced issues regarding fewer sales, underutilized staff, problems with remote working, and many others. Let’s get it straight, we may not be able to prevent pandemics from occurring. But, we certainly can prepare ourselves to face them better. and PLM is one of the best ways to do it.

Organizations need to utilize the benefits fully when the economy is good and demand for their products or services is up. During an upturn, you cannot be struggling with inefficacy or lack of good systems when you should be going all-in with producing and selling to your maximum capacity. KloudPLM makes this possible in various ways. Ensuring extra profit margins and revenues will make you pandemic resilient for the future.

PLM does not just mean software or product data management. What we mean about being an industry leader and KloudPLM touches all aspects of the product lifecycle from design, sales, production, service, etc. Whether it’s an IoT solution or a data analytics solution, we still talk about PLM. Depending on your needs, you need to implement the right PLM components that offer the greatest benefit at the lowest cost.

 

Read: “How to Make Your PLM Platform Implementation Simpler”

Why Invest in PLM Now?

1. Lesser Business Activity = Best Time to Change

They say it’s best not to change pants while running. Any recession or downturn requires more spending on process improvements and R&D . Therefore, can make the most of the situation. Your employees are relatively free to concentrate and contribute to your PLM implementation. PLM requires business resources such as important users who determine what type of solution and processes to implement. Internal contribution is the key to success, otherwise, PLM becomes just another piece of software that allows users to feed data without many advantages.

2. Availability of Good Resources

The pandemic made a lot of PLM vendors panic and lay off staff. Organizations can cash in on such situations and are employing good resources. Additionally, they bring varied experiences and value from various industries.

3. Better offers

Many vendors and organizations have eased their margins considering the pandemic situation and the IT sector is no exception. You can get a better deal on software as well as services including some free trials and free consultations. Similar work costs a lot in a normal situation.

4. Boosts Company Morale

The last thing you need at times like this is negativity and decreased employee morale. PLM is a company-wide project and affects everyone. Announcing such an initiative brings hope and positive prospects to employees and encourages them to work harder, which in turn helps the company to recover.

This aspect is the most undermined part of PLM initiatives, but it has proven to be a silent winner. Your employees also compare systems and processes with your previous companies or competitors.PLM and its integrated digital transformation make your business profitable and one step ahead of your competition.

5. Greater Scope for Change

People that were always reluctant to work from home or go paperless, have been compelled to adapt quickly to these changes during this pandemic. Organizational change management is always a challenge in any development project. And PLM is no exception. In such challenging situations, people are more willing to adapt to change and are more likely to succeed.

6. Be Ready for The Next Pandemic

PLM platforms make it possible to work remotely from anywhere because all data is organized in systems such as the cloud. Therefore, allowing people to work together more effectively. PLM provides a variety of options to apply access rules based on the role and group of users. Both external and internal. You don’t have to worry about data security and data sharing is easy to control and manage.

Read: “Advantages of Implementing a Cost-Effective PLM Application”

Benefits of KloudPLM

Better Sales Due to Faster Product Development 

PLM has been proven to remove the classic obstacles in product development and really makes concurrent engineering possible. Even non-manufacturing companies like Google and Apple have recognized the benefits of a PLM system and adopted it. The mere increase in spending on PLM  year after year confirms this fact. It is estimated that companies that do not adopt PLM will disappear sooner or later. On the other hand, a good PLM system and the process will make the company globally competitive, and bringing products to market faster will increase sales and market share.

Control over Product Design and Quality

Products are getting more complicated every day with more variations, software, and mechanical content. Without a proper configuration management system, it is difficult to gain control over these complex product configurations. PLM systems have inherent product configuration capabilities and offer different levels of variability control depending on the organization. This means you can quickly introduce more variants of your products, give the customer more product options, and ultimately increase

‘s sales. PLM makes it possible to reduce errors caused by complexity by providing many functions, including application lifecycle management and model-based systems engineering capabilities.

Lesser Costs

PLM provides the right data to the right people at the right time, saving a lot of time and effort in finding the right data. In addition, the classification function in the PLM stores data in categories and catalogs, which increases part reuse and saves costs for the company.

Data categorization also helps purchases group similar parts by design, method, material, etc., and negotiate better prices with suppliers. Duplicate part numbers are a common problem in many companies due to the lack of a proper system in place in the past. One-time data cleansing and standardization help save a lot on maintaining duplicate parts. PLM saves time and effort for all departments and connects them like a red thread.

Increased collaboration Leads to fewer Errors

PLM provides a platform for better collaboration between different departments. It allows them to see, speak, and discuss in the same data context, but it shows in their perspective. Collaboration already increases during the PLM implementation phase as many decisions are cross-functional and bring much-needed communication to the table. PLM and ERP systems, when properly integrated, form the two main business management systems that everyone interacts with.

Additionally, PLM acts as the source of truth for ERP. We can say that PLM is a recipe that defines the design and practical instructions, and ERP uses the recipe to manufacture real products for customers based on demand. If one of the systems has a problem, the whole company has a problem.

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Accessibility & Scalability

If you don’t have a PLM system,  you will find it difficult to access your data from anywhere. PLM software is easily scalable and can easily serve thousands of users. You may have operations in one place, but sooner or later you will need to access them from the outside. As the number of data increases, traditional file storage and email systems can no longer keep up. More time is spent searching, storing, and sharing data.PLM systems provide seamless and secure access to your data based on access rules. You

can also choose to host certain servers in the cloud to avoid internal maintenance work. Data exchange with external suppliers and partners is also an important factor when choosing the PLM system for companies.

 

Better Traceability

Do you find it difficult to find out who changed what and for what often? PLM tracks all changes made to a part or BOM and allows you to trace them back to a reason. You can set up a comprehensive change management system that conforms to the CMII standard and allows you to link each change notification to a problem report or change request. PLM makes it possible to capture both the content and the often crucial change intent.

 

AI and Data Analytics Can be Applied Easily With PLM

Most  AI algorithms and all data analysis depend on a large amount of high-quality data and require data preparation as a prerequisite. The lack of proper data can make this task almost impossible. PLM data can be easily processed with any data analysis tool that provides valuable business insights. Extending the boundaries of PLM data to serve the applications where they are needed is easy and controllable. Access control makes these things a reliable operation.

 

Be Pandemic Ready With KloudPLM

KloudPLM offers a cloud-first solution that helps you to create the products of tomorrow. Different teams such as marketing, sales, and engineering can use KloudPLM and work together to get the product from concept, to design, to market. Schedule a demo today

 

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