Product Lifecycle Mangement
Product Lifecycle Management, when implemented with the company’s characteristics in balance, will result in significant competitive advantage.
Product Lifecycle Management (PLM) is an enterprise set of interelated processes and applications that maintain complete knowledge of a company’s product assets over time.
Product knowledge includes elements that span the consumer products' lineage from ideation through support and disposal. PLM is not any single application or a one-size-fits-all approach. PLM can and will have a different make up for each company depending on characteristics such as the:
- Industry Vertical
- Market Facing Model: Product Leader, Operationally Excellent or Customer Intimate
- Operating Model: e.g, Make-to-Order, Make-to Stock, Assemble-to-Order
- Configure-to-Order, Engineer-to-Order, etc.
- Supply Chain Network Model
- Design Chain Network Model
- Geographical Footprint
Product Lifecycle Management, when implemented with the company’s characteristics in balance, will result in significant competitive advantage. This increase in competitive advantage will come from several channels of opportunity. The company will increase its innovation capabilities, be a leaner organization having added agility and flexibility through its global supply chain network, and increase multi-company collaboration through better configuration and change management processes. The key tenets of the CSC PLM Practice and approach to our clients are: innovation, collaboration, global reach and security of intellectual property.
Operational Model
CSC’s proven approach to PLM is based on business value aligned with the measures that guide the company through the Executive Dashboard. PLM is at the same scale as a company’s ERP and must be held to the same kinds of enterprise metrics and kpi’s. Key elements of our business-based approach are:
Identifying the areas of highest value to the company
- CSC’s has proven methodology from PLM Planning through Delivery and Support. It is a three-phased approach designed to identify and quantify the highest areas of business value for PLM achievement.
Building off a case for action:
- Collaboratively, CSC creates a well-defined, business-based value proposition that looks enterprise-wide to leverage the single source of product knowledge.
Scaling to match needs:
- PLM is not a one size fits all deal. Your characteristics will provide the basis for establishing a right-sized and tailored approach. We use an open and collaborative method for working with our clients to discover “what makes sense” for their specific situation.
Benefits
Our approach helps your company achieve significant operational benefits such as:
- Improved levels of innovation and collaboration
- 20% reductions in design-to-launch and ramp to production cycle times
- 5%+ reductions in manufacturing costs
- 2% reductions in procurement/material costs
- Improved time-to-profit
- Better customer-to-product relevance
