Thursday, October 31, 2013
Don't Be Afraid of PLM!
Fear #5: PLM value is impossible to measure
There are many ways to measure the value of PLM. Many companies do not take the time to do an assessment before they launch a PLM initiative. Time spent at the beginning to gauge where you company is today with a view of the improvements PLM will bring allows you to understand the value of PLM to your company. A simple spreadsheet will allow you to identify metrics and key performance indicators (KPIs) that will support PLM as the implementation progresses. These KPIs can be used to keep executives aware of all the great benefits that come when PLM is rolled out to the enterprise.
Fear #4: PLM technology is unproven
There are many companies that have used PLM technologies to improve their business. There are also new technologies that are poised to make an impact on PLM and how it is deployed: mobility, the cloud, virtualization, direct modeling, social PLM, agile methodologies, and more. There will always be new technology but that's no reason to delay your PLM implementation. Start working today so you are ready to deploy new technologies when the time comes. This will put you ahead of your competitors and give you an advantage.
Fear #3: PLM adoption is low
Implementing PLM is a complex project that requires the cooperation of multiple organizations. Companies that do good upfront planning always see a strong adoption of PLM solutions across the company. Plans for data migration, cultural change management, system integration, PLM benefits assessment, process changes, and testing must be created before rolling PLM out to the company. When management understands that PLM is a strategic company initiative they will not treat it like a simple piece of software. We see very high adoption when the planning of PLM is given a high priority.
Fear #2: PLM takes too long to implement
Like any strategic enterprise technology deployment, PLM will take time to implement. However, we recommend a phased approach that provides company benefits as early as possible. Try starting with PDM and visualization as your first phase, and you will see a great deal of success across the entire enterprise. It doesn't have to take a long time to see huge benefits from PLM. But remember, PLM never ends. There will always be a need to plan the next implementation, and coordinate the next roll-out.
Fear #1: PLM is too expensive
Does PLM cost money? Yes. Did ERP cost money? Yes. Usually many more times than what you will spend on PLM. Put PLM in the proper perspective. PLM is a strategic investment just like ERP. No one expects ERP to be inexpensive and quick, do they? Now, take a deep breath and plan the proper way to spend you budget for PLM, just like you did with ERP; doesn't that feel better?
The benefits of PLM have been realized by many companies in many industries for many years. Do the right upfront planning, educate your executives, and coordinate the implementation with your key users and you will have success with PLM.
What do you think?