PLM Industry 4.0 Strategy
At BoostPLM we help your company develop a coherent Industry 4.0 strategy. If you already have a vision and strategy for Industry 4.0, we support you in identifying the optimal digital and operational infrastructure.
Connect, Optimize, and Automate
Product Lifecycle Management (PLM) is essential for a company’s competitiveness. Any company in the discrete industry executes processes, makes decisions, and manages data across most of their value chain.
The ability to create coherence across the organization and systems is crucial for the efficiency, robustness, and predictability of that collaboration. PLM is the discipline that connects, optimizes, and automates this coherence. Additionally, increasing legal requirements for traceability can only be effectively met with PLM.
The path to effective integration of PLM into all relevant parts of the company involves focused work on key processes and their coherence, as well as the cross-functional system and data landscape (architecture).
Developing PLM requires time, resources, and focus. Success depends on a holistic and long-term approach. Ill-conceived, local PLM initiatives typically lead only to local improvements at the expense of overall coherence, costs, and focus.
Do you and your company want to develop and implement a digital strategy for PLM? There are several standard methods you should follow.
- Interview relevant employees
- Map out existing workflows in the company. All these workflows should be interconnected, focusing on problems, deviations, and lack of efficiency and coherence during the mapping.
- Map out existing workflows in the company. All these workflows should be interconnected, focusing on problems, deviations, and lack of efficiency and coherence during the mapping.
- Future State Image
Create an image of the existing workflow based on the identified requirements and desires in the strategy, generating energy, hope, and drive in the process. It serves as strong motivation to move towards the desired goals.
- Early Organizational Anchoring of PLM
If this is not already in place, it should be directly addressed with management to ensure strong support and engagement from the beginning of the implementation.
How to Achieve Success
The success of PLM should be measured by the processes you wish to optimize and the critical parameters for their success. PLM is not the goal itself but a means to achieve it. By clearly defining what you want to improve with PLM, you can set measurable parameters to assess the initiative’s effectiveness.
This dimension is often overlooked, making it difficult to measure success or failure accurately. Ultimately, you should implement PLM based on a recognition of fundamental business needs and not just as a narrow investment. Strategy, planning, and ownership are crucial for success.
