PLM helps you to react to changing market conditions - by reducing product cycles

By definition PLM (Product Lifecycle Management) means an overall, knowledge-based business strategy including all existing processes and methods. The focus is on the product development, starting with the product idea to the point of recycling the finished product.

An efficient PLM controls methods and operating instructions in conjunction with existing or still to be implanted PDM- and ERP-systems. These are being used to guarantee a safe keeping and fast provision of product information.

From the point of the company strategic PLM is becoming a more and more important factor of success in the competition with other companies. Experience has shown that measurable savings can already be registered after a short time and initial investments are generally amortized after 2-3 years (ROI) in terms of general cost savings, shortened reaction times in product development as well as an overall higher profitability.

According to our experience a product-life-cycle-management particularly pays off if projects are aimed to solve specific problems. This being the situation, concrete and continuous effective results may be achieved. Moreover it is a profitable long-term investment since the acquired knowledge is also a useful basis for further prospective improvements of products and processes.

Therefore Capable Technologies offers the implementation of IT-solutions as a modular system. The developed concept will be realized step by step and also monitored. In this way the financial risk remains reasonable because of the single conversion steps turning into account immediately and thus even minor investments will be amortized in early project.

Product Lifecycle Management is a continuing process, which proceeds in company-specific steps. The development will at every step be adjusted to the corporate strategy, this ensures that the superior goal remains in focus.

How can PLM help on your company? Feel free to contact our experts.