On Demand Product Lifecycle Management (PLM) Key Trait of Top-Performing, Small to Medium Size Manuf
Foster City, Calif., Apr 6 - Arena Solutions, the leading provider of on-demand product lifecycle management (PLM) software for manufacturers, today announced the availability of new analysis from Aberdeen Group highlighting the fact that 60% of best-in-class, mid-size manufacturers are using on-demand PLM solutions, such as Arena PLM, to achieve significant performance improvements.
The report identifies that SMEs face the same challenges—such as time-to-market pressures, globalization, management of outsourced design, and demand for increasingly complex products—as their large counterparts, but have typically been constrained by resources. The survey further indicates that companies who have implemented a PLM solution are able to better control product data, better manage product development processes, and increase collaboration to achieve profitable growth, and that on-demand has facilitated PLM adoption due to its low implementation barriers.
“Based on our findings, mid-size manufacturers who have adopted PLM are seeing substantial benefits including increased revenue, faster product innovation and reduced development costs,” said Jim Brown, Aberdeen Group analyst and report author. “And these top-performers are now able to compete more effectively with their biggest counterparts. Mid-size manufacturers who are considering a PLM solution should evaluate on-demand PLM offerings, which are more frequently used by best-in-class performers.”
“Aberdeen’s findings mirror what we have been seeing in the marketplace since company inception,” said Michael Topolovac, CEO of Arena Solutions. “Arena PLM provides mid-size manufacturers with the low risk, high value solution they need so they can more successfully participate in today’s increasingly global economy.”
“Arena PLM is a great choice for companies like Foundry Networks who have geographically dispersed operations and a global supply chain,” said Michael Topolovac, chief executive officer of Arena Solutions. “With Arena, each stakeholder in the business process can have access to a single, centralized product record without having to incur the cost and complexity of a global deployment.”
The report concludes that mid-size manufacturers who are looking to improve their product innovation, product development and engineering processes while growing their revenue should use a PLM solution; otherwise they face being at a significant competitive disadvantage. In addition, they should consider on-demand solutions, like Arena PLM, to reduce the technical and functional hurdles to PLM adoption and because on-demand PLM provides a better business fit, enabling SMEs to redirect valuable dollars away from IT infrastructure and back into product development.