PLM Quiz Results Report
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Thank you for completing the Arena Solutions PLM Quiz. Arena PLM veterans appreciate the opportunity to help you learn about improving your product processes and gaining strategic advantages.
These results will help you decide the best time to start using PLM, as well as the benefits you can expect from a solution.
How PLM Helps
Today’s leading product companies must innovate rapidly, often using complex supply chains, while maintaining quality expectations and compliance with regulations. Even new companies must face these issues long before they start sourcing and building products. Waiting could mean spending more time and capital later in your company’s evolution, delaying your ability to capitalize on market opportunities.
PLM solutions help companies design, produce, and deliver products fast. At the core, PLM manages bills of material, and it also manages engineering changes, the item master, documents, and the approved manufacturers list. Controlling this information facilitates project management, quality management, requirement tracking, and more product processes. PLM also works with upstream design (e.g., eCAD/mCAD) systems and downstream enterprise systems such as ERP, CRM, and MES. PLM should be scalable and cost-effective to start and support.
To learn more about Intelligent BOM Management and why it’s important to your business, read Intelligent BOM Management for Today’s Product Innovators.
Read on to discover how PLM can help you face your company’s challenges.
Who We Are
Arena Solutions is the leading cloud-solution provider for today’s product innovators. Our enterprise product realization platform is purpose-built from the ground up to enable engineering, manufacturing operations, quality, and supply-chain partners to collaborate effectively. We empower more than 1,300 customers of all sizes to achieve their product goals.
What We Do
Our solutions enable companies to design, produce, and improve innovative products quickly. Arena eliminates infrastructure barriers by ensuring secure collaboration during product development, improving closed-loop quality and training processes, and resolving design issues. With Arena, teams share product information, exchange ideas, and accelerate changes throughout the product lifecycle. We also help product companies work with their partners to drive the entire product realization process from product concept through volume production.
Product Company Challenges for PLM
Our 1,300+ customers tell us that these are the specific challenges that sparked their need for PLM. Whether you face these issues now or will in the future, here is how PLM helps.
As product complexity increases, so do the challenges of managing and collaborating on product design. It’s worth noting that product complexity does not typically change over time, unless you plan to make a major change to your product features, such as adding IoT capabilities.
PLM provides controlled access to the one single source of truth for all things product; there’s no need to wade through product spreadsheets and documents on a shared drive.
If you rely on contractors, suppliers, or other external partners to help design, manufacture, and support your product, PLM is a must. PLM enforces your established change processes. And using PLM to bring manufacturing and other specialists into the product development process and quality processes will improve Design for Manufacturing (DFM) results.
PLM systems have formal processes in place to change, add, and remove AML data. Good PLM systems provide functionality to manage your AML data to help identify, stipulate, and source valid substitutes.
If your product has parts with long lead times or limited availability, engineering and purchasing can work together, giving purchasing visibility to address the challenge. PLM provides your sourcing organization controlled access to parts lists, approved manufacturer lists (AMLs), datasheets, and engineering change orders (ECOs).
Number of People Involved in Product Processes:
The more people involved in product processes, the more PLM helps. The more people involved, the greater the challenge.
PLM provides controlled access to all the people who create, revise, and use product data.
PLM eliminates the need for review meetings and provides rapid, real-time collaboration. With simpler administration of change processes, PLM allows people to focus on process improvements and value-added activities instead of acting as “traffic cops” for the change process.
The stability of your design, frequency of change, and need to continue innovating influence product change complexity. It is critical to iterate rapidly on design and collaborate with all internal and external participants as changes are proposed and released. Analysis is required to understand the cost of changes (e.g., ECOs), make the impact of changes visible, and resolve redundant or conflicting changes.
PLM provides data analytics, so you can better understand product and change processes. It answers questions such as “How many changes have we released?”, “What are the open changes?”, and “Where are the process bottlenecks?”
Manufacturing Services Risk:
PLM helps you manage risk by ensuring build packages are correct and complete before sending them to suppliers. Risk is based on your current practices and manufacturing services orders.
Using a PLM system prevents documentation-related manufacturing mistakes.
To get products to market, your company must comply with various types of regulations. Maintaining compliance to various regulatory initiatives is critical to building safe products and avoiding potential hazards, fines, lawsuits, and even loss of life.
PLM systems help companies manage, track, and document evidence of compliance to reduce risk and improve quality.
Cloud PLM manages your product data and product processes. As your business scales, the increased amount of data and the complexity of processes grows. Product quality impacts customer satisfaction and therefore corporate performance. Cloud PLM scales to your needs without hardware investment. Overhead for IT is negligible because installation, backups, and upgrades are included with your subscription.
Now that you know a little more about PLM and how it helps, contact us today to find out why Arena is the No. 1 PLM solution for product companies. Contact Arena Sales.
About Arena Solutions
Arena Solutions helps innovative electronic high tech and medical device companies create products that change the world. The Arena product realization platform unifies PLM, QMS, and ALM, allowing every participant throughout the product design and manufacturing process to work together. With Arena, teams accelerate product development and delivery to increase profits. For more information, visit www.arenasolutions.com.