ERP Plus PLM Creates Sustainable Agility
Excess stock mass marketing internet-based companies are making a killing on industry mistakes and oversights. Product Lifecycle Management (PLM) and Enterprise Resource Planning (ERP) is a match made in the cloud. When we think of enterprise sustainable agility we may think of products which are off the mark, over-stocked, slow movers and unmarketable inventory. PLM is a leveraging tool which uses embedded data providing a target for product development which renders more profit, cost management and sales targeted to customer and industry needs.
Success is getting harder:
- 50% of product launches fail to live up to company expectations
- 33% of new products fail to provide a satisfactory return
- 70% of the resources spent on new launches are allocated to products that are not successful
- 80% of projects cost 20% more man-hours to launch than initially forecast
How does PLM work? PLM software stores product data and history in common files accessed by product development teams from designer to manufacturer. When everyone is on the same page and calendar, PLM technology saves time and money compared to serial processes which involve extensive paperwork increasing time and costs.
Version and release controls. When customers want what your product offers but there are issues with particular versions or releases (sales, customers, etc.) making them inadequate or outdated. PLM helps gather data for your development teams enabling them to focus on "fixing" the problem or replacement. By the time companies take time to talk about product problems, the market has moved on and hurry-up costly scenarios can ensue.
Keepers, Losers and Weepers. PLM's benefits are welcomed in industries struggling under rising manufacturing costs and consumer demand for low-cost durable products. When you get the results of combined teams focused collaboration products match demand. PLM helps decisions to keep, lose, or add. Revision controls, market satisfaction, material, planning, budgeting and forecasts are better managed. Product seasonality and market sensitivity are indicators which are controlled. There are costly side effects of Inventory gone-bad. For example it takes up valuable storage, limits sales, production, supply-chain and customer satisfaction.
Common Platform for Stakeholders. Because PLM resides centrally, common data, processes and results are available to your development teams. Each having the benefit of direct input for development decision support.
PLM and ERP Integration. Integration is critical because ERP is the engine running the company’s backbone operations. Data for planning, forecasting, production, inventory models with their respective sales performance fluctuations are used to help determine phasing of a product's lifecycle. Without tight integration you are back to a paperchase, adding costs, time delays and errors.
Fast paced industries like apparel, medical devices, food and beverage and consumer goods where regulations, standards or customers change almost daily, we need a tool to assess markets and quickly align product trends.
PLM and ERP are tools designed to seamlessly cohabitate in the enterprise landscape enabling the best information exploitation for sustainable agility.
SYSPRO ERP and Agile PLM Interface option are matched up for your business assuring the best of your products and the world align for optimal profit and sustainability. Combined with robust data management and operational data, SYSPRO is positioned to help in a variety of industries.
Smarter decisions make better products.
- REDUCE COSTS by utilizing an integrated approach
- GET TO MARKET FASTER with a modular approach
- INCREASE MARKET SUCCESS by focusing on your products, not IT
For more information or to ask for help, consider Santa Clarita Consultants EnterpriseWise™ Support Services.
Did you know that SYSPRO continues to receive awards for its ERP software?
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