• Five Ways Shape Search Drives Business Value shares the shortcomings of traditional search methodologies and how geometric search can complement them to drive new business value. The report includes some basics about shape search, five tangible ways it can improve business performance, and an example of how to calculate the ROI of a shape search investment.Please enjoy the summary below, or click the report or title to view the full PDF courtesy of our sponsor Siemens PLM (free of charge, no registration required).For more information, please visit the Siemens PLM Community blog to read the Shape … [ read more ]

    Five Ways Shape Search Drives Business Value (eBook)
  • Jim Brown contributed a guest post to the Siemens PLM Community blog discussing how R&D in the food and beverage industry can step up to the digital age to combat smaller, innovative companies that embrace the digital enterprise. This is the first of several posts that drill down on Surviving the New Competitive Landscape in Food and Beverage, a post that shares three ways that consumer packaged goods (CPG) companies can start their digitalization journey and discusses how that can help them avoid industry disruption.The first opportunity we're looking into is how the digital enterprise can improve … [ read more ]

    R&D Enters the Digital Age (guest post)
  • Please join Tech-Clarity's Michelle Boucher, Mark Turner from Alcon Labs, and Swapan Jha from PTC on Tuesday September 12, 2017 for a discussion on the right software solution for medical device engineering. The discussion will feature an interactive discussion between the panelists coving topics such as:Challenges facing medical device manufacturers. Why to consider the complete product lifecycle with respect to:Managing product and requirements. Transitioning from document to product centric approaches. Enabling smart and connected products.The best selection criteria for … [ read more ]

    Selecting the Right PLM Software for Medical Device Engineering (webcast)
  • Jim Brown contributed a guest post to the Siemens PLM Community blog discussing the opportunity for food and beverage companies to leverage digitalization and the digital enterprise to combat market disruption from new, innovate companies that are challenging current industry leaders. The post offers several ways that consumer packaged goods (CPG) companies can get started on their digital journey, achieve tangible business value, and combat challengers like Blue Apron and Amazon Fresh that are disrupting the status quo.The full post, Surviving the New Competitive Landscape in Food and Beverage, can be … [ read more ]

    Digitalization in Food and Beverage (guest post)
  • Dassault Systèmes continues to make significant progress on the 3DExperience vision they laid out 5 years ago. This strategy has seen them transform from a software vendor offering distinct solutions for a variety of functional areas to a company that leads with a strong business transformation message backed up by a platform of solutions. I dropped "PLM" from the title of last year's strategy review. I feel even better about that decision a year later. They now have a broad software suite brought to market as solutions tailored to support key initiatives in the vertical industries they serve. As times goes … [ read more ]

    Dassault Systèmes Strategy 2017+

Complementary Roles of ERP and PLM

Share

Complementary Roles of ERP and PLM: Leveraging Enterprise Applications to Maximize Product Profitability provides an overview of the roles that ERP and PLM can play in maximizing product profitability, describing recent implementations and key considerations to help manufacturers determine the right application approach for their business. Please enjoy the free Introduction below, or click the report title above to download the full PDF (free of charge, no registration required).

Table of Contents

  • Introduction
  • Business Strategies
  • Enterprise Application Strategies
  • The Power of ERP
  • ERP Theme – Managing Orders
  • ERP Theme – Centralized Control and Accounting
  • The Power of PLM
  • PLM Theme – Managing Product Knowledge
  • PLM Theme – Speed to Market
  • PLM Theme – Collaboration
  • ERP and PLM Roles
  • ERP and PLM – Better Together
  • Recommendations
  • Summary
  • About the Author

Introduction

Choosing from the menu of available enterprise applications for manufacturing is a confusing and challenging task. Enterprise applications such as ERP, Supply Chain Management (SCM) and Product Lifecycle Management (PLM) help companies meet their strategic goals and run their businesses more efficiently and effectively. Today, software technology is embedded in almost every aspect of business, and helps companies implement their strategies to be more competitive, increase revenue and enhance profitability. While the need for—and benefits available from—enterprise applications may be evident, the path to achieving that value is not always as clear. For manufacturing companies in particular, choosing applications from a diverse array of vendors offering applications with overlapping claims of functionality can be frustrating.

One particular area of confusion in today’s enterprise application market is choosing the right solutions to enhance product profitability. The primary goal for product-oriented companies—whether they are manufacturers or brand owners—is to offer competitive products that provide solid financial returns to the business. To achieve this, these companies must have well-defined business processes for product development, engineering, and product management. In the past several years, interest in Product Lifecycle Management (PLM) business processes and software applications has increased as a way to address those needs. PLM strategies have proven to provide significant benefits to companies adopting them, but have also added complexity to enterprise application strategies because of confusion between the roles that ERP and PLM should play.

ERP and PLM play key roles in enterprise application strategy for manufacturers—but they are certainly not the only ones. Customer Relationship Management (CRM), Supply Chain Management (SCM) and others can play important parts in supporting the business. Unfortunately, these application suites also provide overlapping capabilities with ERP. For the purposes of this paper, however, we will focus on the need for manufacturers to develop clear product development strategies and support them with appropriate enterprise applications. The paper provides an overview of the roles that ERP and PLM can play, touches on some examples of how companies have approached the use of these applications, and introduces some key considerations to help manufacturers determine the right application approach for their business.

Speak Your Mind

*