Don’t Just Invest in PLM. Invest in a PLM Ecosystem.
It takes a village to raise a child.
It also takes a mature cloud-based product lifecycle management (PLM) solution with extended capabilities and multiple integrations to develop a product.
The only way to manage a product lifecycle – from regulatory compliance, to global monitoring, quality assurance, risk management and part nonconformance – is through a holistic approach that brings all of these moving parts together into a single, integrated view. When quality, design control processes, and risk management are embedded as an integral part of the day-to-day product design and development cycle, OEMs can dramatically reduce supply chain oversights, employee missteps and product design errors.
The consensus among many of today’s innovative product companies is that a highly integrated, robust and complete design system is imperative to address hurdles, such as part obsolescence, quality control and regulation compliance.
Embedding quality into a PLM solution is a perfect example of how a robust PLM ecosystem enables companies, especially in the medical device sector, to better meet FDA regulations and product quality business processes, including; 21 CFR Part 11, 21 CFR Part 820 and CAPA (corrective action and preventive action).
“While Arena PLM was helpful across a broad range of issues, the interconnection between Arena PLM BOMControl and Arena Quality is where the value really shows itself,” says Peter Lucas, the COO of Epic Medical Concepts & Innovations (EMCI), a company that translates scientific research into innovative medical devices. “We know when we change a specification on one part of one of our devices, immediately what other parts, products, procedures, and manufacturing processes are affected. We can jump straight from there into engineering and document change requests and orders, as those can interconnect with our CAPA process within Arena Quality.”
Arena PLM’s suite of PM and supply chain solutions provides companies with the ability to continuously manage costs, requirements, and design specifications from the early phases of the process, while validating design and manufacturing activities to conform to design intent and customer expectations.
Arena PLM BOMControl can communicate with a wide range of modern business systems, such as enterprise resource planning (ERP), electronic design automation (EDA), and computer-aided design (CAD), to extend your PLM investment and ensure key data is right where you need it at all times. Arena PLM seamlessly links to both cloud and on-site business systems like SAP Business ByDesign, NetSuite, Microsoft Dynamics, SolidWorks and many others.
“A lot of companies are growing very quickly and are looking for a one-size-fits-all, off-the-shelf, plug-and-play environment,” says Manny Marcano, president and CEO of EMA, a company that offers a design automation solution for Cadence OrCAD. “Because Arena and EMA are working together, we’re able to address that need on the electrical side and the PLM side, and we can get them up and running in a matter of hours, in some cases.”
Arena PLM’s ecosystem also includes integration with world-class component database partners, such as SiliconExpert. With regards to keeping track of expensive electronic components, Michael Keer, CEO of Product Realization Group (PRG), a consortium of Silicon Valley experts that helps bring product companies to market, says such a PLM ecosystem is “absolutely critical.”
“A cloud-based PLM ecosystem is critical to keep track of these electronic components,” says Keer. “A better understanding of which parts are going obsolete can provide a competitive edge for companies. A strong PLM solution enables the successful execution of a technology pivot, facilitates a contract manufacturer switch, and accelerates a new product launch.”
To address increasingly complex product design challenges, Arena PLM capabilities have evolved to include more supply chain teams and extended aspects of the product process, such as compliance and supplier collaboration.
The result of more mature PLM capabilities is that product and process information stored in the system has become increasingly rich with tremendous business value. To enable OEMs to harvest the product knowledge nuggets stored within the PLM system, Arena is launching Arena Analytics, a robust Business Intelligence (BI) solution, powered by GoodData.
As innovative product companies scale, they want a PLM solution that will scale with them. That’s why companies, such as GoPro, Fitbit, and Nutanix rely on Arena PLM’s ecosystem. To learn more about Arena PLM’s suite of solutions contact a sales rep today.