Guide to Product Lifecycle Management
44 likes18,924 views
The document discusses the challenges of product development and the integration of Product Lifecycle Management (PLM) to enhance efficiency in managing product information and processes. It outlines the benefits of PLM, which include significant reductions in time to market, product development costs, and overall product costs. Additionally, it emphasizes key success factors for PLM implementation, such as understanding business strategy and effective evaluation of PLM software solutions.
Guide to Product Lifecycle Management
- 1. Kerim Tumay Managing Director September 2011 © 2011 Technology Multipliers, LLC
- 2. Outline • Why is Product Development process a challenge? PLM Concept • What is PLM? • Benefits & Business value • Assessment and Planning PLM Process • Complete Implementation • Measurement & Process Improvement PLM Technologies • Software • Pre-implementation Success Factors • Implementation • Post-implementation © 2011 Technology Multipliers, LLC
- 3. PLM Concept PLM Process PLM Success Factors Technologies Why is Product Development process a challenge? Lack of formal requirements management Inadequate portfolio management resulting in premature launch or retirement Unresolved design, engineering, manufacturing issues Lack of rapid prototyping and virtual product development Inability to facilitate real-time collaboration from product concept to retirement Complexity of change management Poor supply chain visibility © 2011 Technology Multipliers, LLC
- 4. PLM Concept PLM Process PLM Success Factors Technologies What is PLM? PLM integrates the product information and processes for ideation, design, engineering, manufacturing, and maintenance through the life cycle of products. © 2011 Technology Multipliers, LLC
- 5. PLM Concept PLM Process PLM Success Factors Technologies Benefits & Business value © 2011 Technology Multipliers, LLC
- 6. PLM Concept PLM Process PLM Success Factors Technologies PLM Benefits Benefit Improvement Reduce Time to Market ~ 30% Reduce Product Development Cost ~ 20% Reduce Product Cost ~ 20% Reduce Cost of Quality ~ 20% Reduce Change Management Cost ~40% Source: VDI 2219 – Information technology in product development © 2011 Technology Multipliers, LLC
- 7. PLM Concept PLM Process PLM Success Factors Technologies Assessment and Planning Review the company vision, business strategy and goals Evaluate PLM software solutions Document your and solution product lifecycle providers Assess the List business effectiveness of your requirements and product define PLM strategy development processes Define a list Build a model of operational metrics your should-be and targets for product lifecycle improvement process © 2011 Technology Multipliers, LLC
- 8. PLM Concept PLM Process PLM Success Factors Technologies Complete Implementation Product Data Management Manufacturing Program, and Supply Project Planning Management Virtual Product Development and Collaborative Design © 2011 Technology Multipliers, LLC
- 9. PLM Concept PLM Process PLM Success Factors Technologies Product Data Management Bill of Materials (BOM) Management Security Engineering Management Change Control Configuration Classification management © 2011 Technology Multipliers, LLC
- 10. PLM Concept PLM Process PLM Success Factors Technologies Product/ Program/ Project Management Requirements Management Project Process Portfolio Management Management Regulatory and Search Environmental Compliance © 2011 Technology Multipliers, LLC
- 11. PLM Concept PLM Process PLM Success Factors Technologies Virtual Product Development and Collaborative Design Mechatronics process management Knowledge Management Visualization Software Concurrent Configuration design and Management test Change management © 2011 Technology Multipliers, LLC
- 12. PLM Concept PLM Process PLM Success Factors Technologies Manufacturing and Supply Planning Document and part dispositioning Part Plant manufacturing optimization planning Process Assembly planning planning © 2011 Technology Multipliers, LLC
- 13. PLM Concept PLM Process PLM Success Factors Technologies Measurement & Process Improvement Business Value Drivers Performance Indicator Increased Revenue Faster time to market Percent gross margin Increased Productivity Reduced design/ engineering cost Time savings * hourly rate Reduced design validation cost Time savings * hourly rate Reduced prototyping cost Time savings * hourly rate Synchronous development/test Time savings * hourly rate Reduced Cycle Time Reduced time to search product info Time savings * hourly rate Reduced time for ECO Time savings * hourly rate Reduced Development Cost Manual BOM creation/mgt Time savings * hourly rate Number of Engineering Change Orders Time savings * hourly rate Manual Requirements mgt Time savings * hourly rate © 2011 Technology Multipliers, LLC
- 14. PLM Concept PLM Process PLM Success Factors Technologies PLM Software Models Less expensive Traditional Model Hosted Solutions SaaS Solutions More Control © 2011 Technology Multipliers, LLC
- 15. PLM Concept PLM Process PLM Success Factors Technologies Costs and Benefits of PLM © 2011 Technology Multipliers, LLC
- 16. PLM Concept PLM Process PLM Success Factors Technologies Cost of PLM Data Migration Support & 5% Mentoring 5% Training 5% Software 30% Implementation 25% Maintenance 6% Hardware Process 8% Optimization Education 8% 8% Source: PLM Technology Guide © 2011 Technology Multipliers, LLC
- 17. PLM Concept PLM Process PLM Success Factors Technologies Keys to Success with PLM Understand the business strategy Planning & Assessment Develop as-is and Evaluate and select your should-be process PLM software models of your product lifecycle process © 2011 Technology Multipliers, LLC
- 18. PLM Concept PLM Process PLM Success Factors Technologies Keys to Success with PLM Start with a tangible business problem Designate PLM Restrict access advocate, to legacy process owners systems and managers Implementation Perform customizations Use common and integrations templates Conduct “lessons Train the super learned” user(s) sessions © 2011 Technology Multipliers, LLC
- 19. PLM Concept PLM Process PLM Success Factors Technologies Keys to Success with PLM Track actual Compare your PLM performance indicators using project/process Post- success metrics with industry best practices management tools Implementation © 2011 Technology Multipliers, LLC
- 20. Download E-books For more information, go to www.technologymultipliers.com © 2011 Technology Multipliers, LLC