An Organization is set with its “Vision” to become leader in their product range and well defined strategic plan is ready to go ahead.
Any organization will face some of the major general Business & Technical challenges even after defined
neat strategic Plan, Organization should overcome all these challenges to succeed in their plan,
Following are few major Business challenges:
1. Changing & uncertain marketing trends.
2. Globalization, continuous evolving Technology.
3. End-users mindsets about a Brand/product and Diversity of people.
4. Producing of Qualitative, Economical and competitive product with new innovative output.
5. Give Quick Time to market
6. Local Regulations & Rules, environmental conditions.
7. Political Influence
8. To get More ROI
Following are few major Technical challenges:
1. Huge volume of data (Digital) generation across a product
2. Searching right information at right time
3. Change Management - Tracking change and history of a product
4. Managing Complicated EBOM, MBOM, PBOM
5. Collaboration across different business units in various geographies
6. Avoiding duplication of data – Single Source of Truth
7. Effective communication (DAMA concept) between departments (Workflow processes )
8. Securing Organization’s Intellectual Property (IP)
9. Innovation in NPD
10. Keeping Skilled Resources
The above said challenges adversely affect the Organizations Product Output if not handled carefully and properly.
Now “a PLM Tool” comes into picture to address all the above said challenges, it will prove how the PLM Tool will help the Organizations to make Strategic Plan to success,
In next posts we will discuss about PLM tool and how it works to help Organization in getting more ROI.
Bye for now.
Anil Kumar JR
Passionate to PLM
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