Key Components of PLM Driven Digital Transformation
June 1, 2022
The rapidly changing working environment had taken a toll on the manufacturing industries. Meeting excessive customer demands for high-quality compliance products urges them to shift their paradigm from the traditional operations and take the path of PLM-driven digital transformation.
Manufacturers must ensure multidisciplinary teams work coherently, enables agility in the supply chain, and creates high-quality products in a short period to stay ahead of the competition. And what is a better way to implement all these aspects than a PLM-enabled digital thread?
What is a Digital Thread?
In simple terms, a digital thread is a collaborative single platform where technical and non-technical members connect to access data across the organization. PLM is one such kind of platform which provides these services.
Benefits of Digital Transformation Through PLM
Digital transformation has become a new normal for the manufacturing industries. Anyone who wants to retain their market has been out there digitalizing them in the best possible ways to maintain the integrity and set new standards for efficiency. Additionally, let’s see how PLM has driven digital transformation to overcome several problems faced by manufacturing industries and enabled better efficacy and agility in the organization.
Democratizing the data means people sitting in different locations would be able to access the data at the same level through a single platform. This would create more harmonization and collaboration among workers. Furthermore, all departments will have updated knowledge of data which will increase the efficiency and decision-making power of teams. It will turn your organization more modern and agile as stakeholders have a watch over it.
Providing customization and configuration to products is another tough nut that companies need to crack nowadays. As the demand for customization soared, companies have been launching variants in every product to cater to the needs of customers which further signifies the dire need for a change management platform, as it is a very error-prone process to deal with such a variety of products and their manufacturing. PLM is a complete package, which also provides functions like change management too to facilitate the work operations.
The demand for innovation is at its peak nowadays, which is why manufacturing companies are more and more inclined to adopt technologies that assist them in this race of innovation and deliver a top-quality product with minimal cost.
Turning to a model-based enterprise is one such solution. Most of the product design in today’s age is built-in CAD software – which means model-based design (MBD) is the new normal. Traditional design practices usually involved text-based documents that users beyond engineering did not understand. Using this MBD approach allows all users to virtually see the full potential of the product in a single platform that too before anything is manufactured or even prototyped.
This feature of MBD helps companies in making better decisions about products. Additionally, it curtails errors and non-conformance and decreases time wastage. Furthermore, it extends its tentacles to aid in combating the challenges faced by engineering and manufacturing departments. Thereby reducing product complexity, and sharing information effortlessly.
Software as a Service(SaaS)
SaaS is one of the emerging and most sought technology at work currently. The plethora of benefits it provides can easily outnumber the challenges these manufacturers face in various departments. Those companies which are still stuck on the conventional form of using different expensive hardware and software to store their data can easily cut cost by employing software like PLM which run over SaaS models.
SaaS PLM is a cloud-based software. The software is based on a pay-as-you-go subscription model. This eliminates the large infrastructure expenses and upfront software purchases that are often associated with traditional on-premises software.
Product and quality processes are managed in a controlled and automated manner throughout the entire lifecycle with the help of SaaS PLM software. It integrates through various 3rd party software like ERP, CAD, CRM, etc. Furthermore, it ameliorates collaboration, and security and reduces data mistakes ending up in faster product launches.
How Does KloudPLM Help in PLM Driven Digital Transformation
Along with all the features mentioned above, KloudPLM comes with a well-connected modular structure. In this case, multidisciplinary teams of your organization can collaborate in real-time to work together on a single platform. This helps to launch a high-quality compliance product speedily. Our platform assists you in every step of your product lifecycle strategy. Hence making it the best fit for your organization. Choosing the right platform will lead you to reap good profits for your organization. Therefore make a wise decision while selecting. Schedule a demo today, to know more about our platform. Schedule a demo today to start your digital transformation journey.