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Fact 2: PLM Alleviates Pain in the Product Lifecycle
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Products that aren't managed carefully can lead to very costly problems, ranging from
customer annoyance to worse yet, the injury or death of product users.
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Today's corporate environments are characterized by horizontal integration across the Extended
Enterprise, with many small and medium companies in the design and supply chains, few layers of
management, rapidly changing customer requirements, fast product evolution, and small numbers of
knowledge workers from different functions working together in collaborative teams. Unless carefully
managed, this environment can lead to product problems.
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| Pre-PLM, Pain in the Lifecycle |
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You know examples. Some days, escalators don't work, some days they do. Computers crash for
unknown reasons. Some days, cars don't start, even though they did the day before. Washing machines
leak. Electronic keys fail to open hotel doors. New products are late to market. Space missions fail with
loss of life.
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| Inquiries into these problems show their sources aren't that mysterious but instead are simple everyday
things such as design faults, lack of testing, people not trained sufficiently, standards not adhered to,
communication problems, customer needs misunderstood, ineffective safety programs, lack of risk
management, and informal decision-making and decision-taking. A more detailed examination shows that
in the Pre-PLM environment, there are problems at every stage of the lifecycle.
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| PLM Adds Value to All Your Product Activities
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| The fact that PLM is holistic and joined-up is the key to improving the old way and in adding value to the
various product activities performed within your company. Activities that may have been treated as
independent can be now linked and automated to provide much greater efficiency.
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| As a result, PLM can significantly improve the performance of your company. It enables you to increase
product revenues, reduce product-related costs, maximize product value over the lifecycle and maximize
the value of the product portfolio.
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| PLM: Unifying and Streamlining Previously Disparate Product Activities |
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