Viewpoints on Innovation

Getting Higher Strategic Value Out of PLM

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The Getting the Most from PLM – PLM Drives Tangible Business Value eBook is the result of a joint research project between research firm Tech-Clarity and Kalypso. We researched over 100 companies to determine how some companies get much higher levels of value from their Product Lifecycle Management implementations. The report shows that leading companies go beyond tactical (yet valuable) cost and efficiency gains to improve innovation and drive higher profit margins and revenue.

Please enjoy the summary below, and click to download the full eBook (free of charge).

PLM and Business Value

Product lifecycle management (PLM) drives significant business improvements that show up in investor calls and annual reports. PLM implementations enable important improvements, but the value is tactical and limited to improved efficiency and reduced cost. While these are worthwhile improvements (and often pay for the whole initiative), they fail to exploit the full potential of PLM.

PLM can drive innovation, improve differentiation and lead to significant revenue growth. But most PLM implementations fall short of this. Why?

All PLM Initiatives are Not Equal

This eBook explains how some get the most out of PLM and shares practical tips for how you can drive real business value from PLM in your business.

Most of the companies surveyed report that PLM helped improve their top line and drive higher margins. But some did better than others. To find out why, we looked at the companies that rated themselves the highest on revenue growth, profit margin growth and percent of sales from new products (less than three years old) – the “Top Performers.”

  • Top Performers grew revenue almost twice as much as others while growing profit margins 29 percent more. This is a significant difference on the bottom line.
  • Top Performers also grew revenue from new products more than Others, indicating better innovation and product development performance.

More Reading

Download the full eBook from Tech-Clarity and Kalypso

Originally published on August 18th, 2015

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Topics: Innovation, PLM, PLM Implementation, Product Development, Product Lifecycle Management

About the Author

Jim Brown, Tech-Clarity

Jim Brown, Tech-Clarity

With over 20 years of experience in application software, management consulting, and research, Jim Brown is a recognized expert in software solutions for manufacturers including PLM, SCM, and ERP. He is the founder and president of Tech-Clarity, an independent research firm that focuses on how manufacturers use software technology, best practices, and IT services to drive operational improvements and business value. 
More Viewpoints by Jim Brown, Tech-Clarity

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