Innovation Made Easier | 3DEXPERIENCE | XD Innovation Canada

Today I would like to talk about Innovation & PLM.

In industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products.

WHITEPAPER | DASSAULT SYSTEMES

PLM integrates people, data, processes and business systems and provides a product information backbone for companies and their extended enterprise.

A PLM solution is necessary for manufacturers of every size to efficiently and effectively manage product development. However, PLM alone is not sufficient to keep up with the increasing need for innovation and changing consumer demands. 

To foster innovation and address consumer expectations, all stakeholders must work collaboratively across time zones, languages, and organizations. They need a business experience platform to help deliver new innovations to the market faster than the competition. 

Read this white paper and learn how ENOVIA and the 3DEXPERIENCE platform helps companies drive sustainable innovation. 
Stephan J,Metral, Vice-President XD Innovation Canada

Designing successful products in today’s experience economy requires technical know-how, knowledge sharing, collaboration and agility.

Companies must connect more closely with customers to develop new products quickly and efficiently to meet their demands. How quickly a company reacts is key to its success. Providing designers the right tools and design environment for product development is essential. Connecting them with every stakeholder from ideation to engineering to manufacturing and beyond is imperative.

Creating sustainable growth and competitive differentiation requires aligning your PLM strategy with your business strategy.

Dassault Systemes

The Role of PLM Product lifecycle management is a systematic approach to managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and end-of-life of manufactured products. 

PLM comprises an integrated set of software tools for managing critical information generated by product development organizations, marrying this data with associated engineering and business processes. 

Common PLM processes include design management, engineering change, and configuration management, as well as the bill of materials management. 

These common processes have been the foundation for many companies that have made significant productivity, quality, and time-to-market gains from successful PLM adoption. In today’s economy, companies need additional capabilities to address rising complexity and to support additional business processes such as portfolio and program management, quality management, customer relationship management, supplier collaboration, and manufacturing execution. 

PLM has become more than part of an IT infrastructure; it should now be part of an overall strategy for sustainable growth and competitive differentiation. Now, more than ever, it is critical to evaluate your current and future business needs to ensure your PLM strategy aligns with your business strategy.

To keep ahead of the competition and meet increasing customer expectations, manufacturers must continue to innovate. Today’s innovations require developing products that include integrated technology through the combination of mechanical, electrical and software. A sustainable innovation process requires early and on-going cross-discipline contributions from quality, costing, manufacturing, and service organizations. 

Unfortunately, many PLM solutions were initially developed to only support the mechanical design process, and are not well suited to manage and include this wider set of contributors in the product development process. Sharing basic design information is challenging at best. 

When information is stored in silos this creates work duplication, errors and wasted time as stakeholder’s search across the enterprise for the latest information. Centralizing product design around a single, consolidated, and real-time view of the latest product definition fosters collaboration while eliminating the burden of time-consuming, error-prone synchronization of data.

BEYOND PLM 

Companies are increasingly taking advantage of digitalization to improve the way they do business.

Digitalization means sharing information through digital data and processes, rather than through the copying of electronic files. 

Digitalization facilitates exchange between project stakeholders because it does not involve cumbersome, high-friction file exchanges. Instead, every stakeholder can immediately access and leverage the latest data whenever and wherever they need it, increasing collaboration and fostering innovation. Creating sustainable growth and competitive differentiation requires aligning your PLM strategy with your business strategy. 

A single real-time view of product definition fosters collaboration by doing away with information silos. Even though PLM systems manage product development well, alone they lack the ability to connect the entire value network through digital continuity and to manage a single, holistic representation of the product.

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Courtesy of Dassault Systemes | XD Innovation Canada | download the White paper here.

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At XD Innovation, every product begins with an idea and we provide the tools to make them a reality. 

XDInnovation is a Dassault Systemes Value Solutions Partner focused on software, consulting and value-added services for product development technologies, enabling 3D Design, Engineering, 3D CAD, Modeling, Simulation, Data Management, Process Management, Quality & Compliance. 

We strive to help our customers innovate more efficiently by providing best in class technologies powered by Dassault Systemes 3DEXPERIENCE PLATFORM and backed by a consultative customer engagement approach, a rapid implementation methodology, and superior training and support.

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