PLM is actually eating into your margins

Some know nothing about PLM, some know a bit. The former are on the advantage, as they are not putting their money into it.

But why those who are investing into a technology, which is at the core of the discussions now a days, are not considered to be making a wise decision.

They are investing in a technology which is said to be the backbone of innovation. Which helps in reducing cost, reducing time to market, increasing market share, bringing more revenue, improving agility index and so on......

Then why my blog title says "PLM actually eating your margins".

The moment we understood PLM is software/technology/tool which would bring revolutionary benefits to organization, we are doomed to wasting fortune.

Before you start criticizing me for my lack of maturity about PLM, let me tell you I am a big fan of PLM.

But not in a fashion most organizations are trying to embrace it.

Then what should be the approach while going for PLM implementation.

First come out of the myth that PLM is a technology, rather it is an enterprise level approach, which should evolve in line with the organization's strategic vision of long term.

It can not be confined inside a small department like R&D/engineering, rather an holistic coverage of whole organization shall ensure optimal/quick ROI.

But that doesn't mean implementing in one go. We should plan phase wise implementation such that 1st phase addresses most pressing issues first and brings quick return to justify investment and ensure boost of moral and ease of adoption..

Please keep reading my blogs as more insight shall inflow.

Comments, critics and feedback are most welcome.