The PLM License and Deployment Flexibility Puts PLM in Reach eBook discusses how new software deployment and licensing approaches including cloud, SaaS, subscription, and others can put PLM in reach for more companies. The eBook reviews the ROI of PLM and dispels the myth that PLM implementations have to be long and expensive. The research reviews the benefits of different licensing and deployment models and highlights key things to look for during procurement, deployment, and operations phases.
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The Compelling ROI of PLM
Product Lifecycle Management (PLM) has a very attractive ROI. It helps address the inherent complexity of product innovation, product development, and engineering resulting from today’s complex products and product development landscapes. It’s one of the few initiatives that concurrently drives both top-line and bottom-line results. But getting these returns is sometimes considered too big of an investment. PLM initiatives have historically been known for long, expensive implementations. Most manufacturers no longer have the appetite for software projects that don’t show an ROI in the first year or so. So many choose not to get started because they expect high costs, a long payback period, and a significant need for internal IT resources.
Our research, however, shows that the majority of PLM implementations are faster and less expensive than most think. We believe one of the reasons for so many lower-than-expected implementation efforts is the changing way that companies are buying and deploying PLM. Cloud, SaaS, subscription, and other options are changing the underlying factors that impact implementation investments. Let’s take a look at how things are changing.
What’s the Right Path for Your Company?
There’s a lot to consider when looking for a PLM solution. New options reduce barriers to entry and help add flexibility and agility. But it’s important to recognize that the primary goal is to find a solution that meets company needs to combat complexity and improve business performance. Without the capabilities to drive business improvement the rest is pointless.
Manufacturers can leverage tools such as Tech-Clarity’s PDM Buyer’s Guide for a framework on how to analyze solutions based on company needs beyond features and functions. While those are important, manufacturers must also know their procurement options, deployment choices, and the impacts those have across the lifecycle of a solution.
- Understand your needs
- Know your options
- Find the right solution
- Identify the optimal procurement approach for your business
- Determine the most advantageous deployment approach
- Understand the business agility available from new options
- Take advantage of lower barriers to entry for PLM
- Get started with PLM and get a quick ROI
- Extend the benefits over time
*This summary is an abbreviated version of the report and does not contain the full content. A link to download the full report is available above.
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