Although pandemic-induced supply chain disruption continues to be a significant issue for product developers, they must continue to contend with a host of other challenges that are simply part and parcel of doing business. Among these, product lifecycle management (PLM) remains high on their list of concerns.
At Pivot International, we’re an industry leader for helping companies surmount supply chain disruption. We bring nearly 50 years of product development and manufacturing expertise that spans twelve industries and three continents. With multiple ISO certifications and advanced PLM systems to enhance our already strict quality control systems, we help companies worldwide bring successful products to market that are designed and documented to FDA, UL, and CE standards.
Unpacking PLM
Product lifecycle management (PLM) is an end-to-end process that tracks and regulates complex product data constellations across the product lifecycle. It begins at product-concept and extends through product design, engineering, prototyping, manufacturing, distribution, use, and disposal. Its primary goal is to integrate — and therefore optimize — all aspects and phases of successful product development.
PLM centralizes all product-related data and allows the product development process to be managed holistically with high levels of effective coordination between design and engineering teams, supply partners, company leaders, and other key stakeholders.
PLM Benefits
The business case for leveraging effective PLM systems is undisputed since these systems are critical for driving cost-savings and achieving concrete business objectives in the following ways:
- It lowers operational costs and management costs by streamlining product development and manufacturing processes.
- It makes product development dramatically more efficient by expediting the end-to-end process.
- It accelerates time-to-market, leading to a significant competitive advantage.
- It supports well-defined product processes and improves effective collaboration concerning contract data, requisitions, purchase orders, and more.
- It maximizes visibility and augments and enhances quality control through rigorous gatekeeping protocols.
- It reduces supply chain and data security risk via greater transparency into the complex chain of relationships that constitute the product lifecycle.
Leveraging PLM Through Strong Partnerships
Even in the best of times, implementing an effective PLM system can be a challenging initiative to helm, and during disruption, the challenge becomes that much steeper. Engaging a product development and manufacturing partner that can deliver effective supply chain solutions and take the lead on effective PLM-implementation can help companies defy disruption, get their projects back on track, and bring innovative products successfully to market.
At Pivot, we lead effective PLM of both product design and manufacturing services using Oracle’s Agile Product Lifecycle Management system. This system supports change-control by importing the bill-of-materials of a current product while recording engineering change orders, engineering change requests, temporary deviations, manufacturing change orders (MCOs), and more.
If you’re seeking an industry leader for defying disruption, increasing resiliency, seizing emerging market opportunities, and scaling for a rapidly unfolding future, Pivot is the partner you’ve been looking for. Contact us today for a free consultation and see the difference a proven partnership can make for your business.
