Aberdeen and Geometric Release New PLM Report11 May, 2008
Integrating the PLM Ecosystem assists companies in determining the best way to integrate disparate PLM applications within the enterprise.
Geometric Limited and the Aberdeen Group have released a report titled Integrating the PLM Ecosystem that reportedly provides companies a guide to the best approaches for integrating disparate product lifecycle management (PLM) applications within the enterprise and the extended PLM ecosystem. The report is free to those who register on Aberdeen's Web site.
"Our report analyzes the current level of PLM integration across organizations within the PLM suite as well as with the relevant enterprisewide applications like ERP, quality management systems, and others," said Jim Brown, vice-president and group director, Global Product Innovation, Engineering, and Manufacturing at the Aberdeen Group. "The results indicate that PLM is maturing from its original role as an engineering tool to become a key foundation in the enterprise system environment, therefore increasing the need for companies to adopt PLM and integrate their PLM ecosystem."
According to the report, the need for integrating within the PLM suite and externally with enterprise applications is driven by pressures of streamlining the PLM process while reducing the product's time to market. Although effectively releasing the product for manufacturing is the most common reason for integration, Best-in-Class companies are increasing their focus to include quality management, sourcing, and costing functions into PLM, the report states. They are expanding the scope of PLM to manage all product data, making it the primary system of record.
The Aberdeen Group surveyed more than 270 manufacturers about their PLM integration plans and evaluated them based on six key performance criteria: product launch dates, product revenue targets, product cost targets, product development budget, quality targets, and lifecycle cost targets. Based on these qualifiers, the companies were classified into three categories: Best-in-Class, Industry Average, and Laggards, to determine the modus operandi for efficiencies in product realization.