The Case for Strengthening Supply Chain Resilience
Why should manufacturers looking to strengthen their supply chain resilience pay attention to Arena PLM?
Tech-Clarity’s research shows that 74% of businesses reported increased risk and disruption over the past five years, and close to 46% of firms shared that supply chain disruption is one of the factors with the largest negative impact on their business. A resilient supply chain is essential for responding to market demands and supporting product innovation, ultimately ensuring a company’s competitiveness. That is why getting an update from Arena by PTC about how they help high tech companies strengthen #supplychainresilience was very refreshing.
Synchronize Product Development with Supply Chain
Many companies still operate in silos for functions like product development and supply chain. This disjointed approach results in missed communications, unanswered questions, and delays that hinder #supplychain partners, ultimately leading to prolonged timelines, increased risks, and diminished profits. By integrating product development with supply chain processes, centralizing stakeholder communication, automating key tasks, and leveraging data mining for actionable insights, companies can significantly improve their operations and achieve greater business success.
Arena PLM Aims to Strengthen Supply Chain Resilience
Arena PLM enables companies to develop complex products collaboratively and manage all product data and communications on one platform. This approach ensures visibility and traceability, keeping all stakeholders up to date. Product leaders can innovate by working closely with their supply chain partners. Using Arena as the platform, supply chain partners can directly participate in product development, helping them prevent and promptly address supply chain issues. The involvement of supply chain partners directly in a company’s process reduces the risk and speeds up product delivery.
Supply chains are often dispersed across geographies and need access to product development data, including 3D models, to #collaborate effectively. As a cloud-native #PLM solution, Arena aims to unite dispersed teams into one secure development platform. Arena’s goal is to enable companies to exchange product data, including 3D data, with their supply chain partners securely. This way, innovation can happen through collaboration without compromising the company’s IP. Arena PLM also claims smooth data flow between enterprise systems such as ERP, MES, and CRM, enabling stakeholders to use Arena PLM to pull critical data from different systems for analyzing and making prompt decisions related to the supply chain. These critical enablers in Arena PLM help manufacturers strengthen their supply chain resiliency.
Final Thoughts
Achieving supply chain resilience is essential for success in today’s complex business environment. Arena PLM offers solutions engineered to help companies enhance their ability to design and collaborate more effectively with their supply chain. We were impressed by Arena PLM’s expanding customer base in the high tech sector, which includes notable companies such as Sonos, Nutanix, Kornit Digital, Nextracker, and Echodyne. We’re excited to monitor their progress and see how companies continue to adopt cloud-based PLM solutions like Arena PLM to transform their supply chain management. Thank you, Ann McGuire, for taking the time to update us on Arena’s latest developments.