Product Lifecycle Management Case Study

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1 .Introduction 1.1 Background PLM implementations in production firms are widely common throughout the globe, particularly in developed and industrial countries. Even firms from alternative industries like services, fashion, healthcare, among others, have began to implement PLM philosophy. This growth has reached small and Medium Size Enterprises (SME), forcing developers of those styles of systems to get lightweight software package versions so as to serve this massive market. However, this type of implementations needs formulating a transparent strategy and a operating methodology that may assure meeting the required protocols and achieving success. In developing countries, like South American nation, most of the enterprises are SME…show more content…
These enable the manufacturing company to invest on the intellectual property created by development and manufacturing engineers and to monitor and supervise a product from its conception to its disposal (www.caddigest.com/subjects/PLM/select/012705_plm_enovia.htm ) Engineers using CAD often complain about the problem of finding the necessary data for their designs. You will have to spend a lot of time searching through files and finding images of models and then selecting the right one. These difficulties spread throughout the company; Manufacturing engineers must develop and build similar tools based on similar data, and the accountants tried to figure out the cost of a particular configuration. They all had similar problems. (www.innosupport.com ) To solve these problems, product life cycle management brings together development engineers, manufacturing engineers, material managers, controllers and sales staff, etc. The product life cycle management also ensures that an employee's knowledge remains in the company when an employee leaves the…show more content…
You know the benefits a company can derive from it, and you know what kind of business such a system might be. 3 Literature Review In the following pages information on various topics which are involved in the research are provided.It intends to give the reader an overview and background information. 3.1 Product Development "In today's industry, New Product Development is often the focal point of competition. Companies that are able effectively to develop, produce and introduce new products are the key competitors in markets where variety and time-to-market play an increasingly important role." (Victor Paashuis, 1997) The above quote from Victor Paaashuies clearly outlines the significance of product development in the manufacturing industry.It outlines their core competence and processes. Various research carried out over several years have shown us that the way in which implementation of product development is carried out has a significant impact on costs and time to market and hence also on the financial results. Nevins (1989) for example,found that in the early stage of product development almost 80% of product lifecycle costs are locked in when design choices are
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