Digital product lifecycle management (PLM) technologies are transforming how businesses manage product development information. But some companies are reluctant to invest due to unforeseen challenges and cost. Learn how Deloitte Product Lifecycle Management—a pre-configured solution—can help companies accelerate their PLM transformations.
To stay ahead of the competition, business leaders often think they need stronger, more effective and cohesive management across specific areas like product development, manufacturing, finance, and technology. But many manufacturers whose products date back several years are unable to keep up with new processes and technological advancements. Often, their product development processes and information are managed within silos. The result? Their processes and systems are strained, and they struggle to meet goals. They often lack the engineering efficiency, speed, and flexibility that could make an impact on improving their bottom line.
To innovate, structure, and manage product development information more effectively, many organizations are exploring the use of PLM technologies. But some organizations are hesitant to undertake this transformation because of the complexity, the pitfalls, the unknowns, and the cost involved. The initiative presents the challenge of committing resources and stretching them to yet another long-term project, while still trying to keep the business humming along.
To remedy this, Deloitte has constructed an alternative approach. We offer Deloitte Product Lifecycle Management (DPLM), a pre-configured solution that can help companies accelerate their PLM transformations.
Deloitte has a multi-phased approach to enable a client’s PLM transformation:
DPLM is an “out-of-the-box” pre-configured software solution that leverages Deloitte’s deep experience in lean engineering-focused process design, technology enablement, organizational change, and program management.
Specific elements of DPLM include:
Implementing DPLM can provide the following potential benefits to your organization:
Other potential benefits:
Digital product lifecycle management business transformation is a major commitment, regardless of how small or large a change you are making. Here are a few things we have learned that can help:
Typical PLM data migration for a PLM transformation comes with many challenges and risks. It’s also often an underestimated high-risk factor in delaying the implementation, thus increasing overall costs.
Pure traditional approaches are too costly to address all migration risks and challenges. DMA process and technical templates help mitigate unknown risks and bring efficiencies, innovation, and productivity improvements to enable cost and time savings. DMA provides tools and methods to move data into and from PLM systems in a highly efficient manner (1M objects per second) and support visualization, searching, analytics, and collaboration.
Learn how Deloitte is helping clients adopt—and adapt to—a game-changing driver of Industry 4.0:
Discover our 3D Printing and Additive Manufacturing Consulting services
The Deloitte Product Lifecycle Management Solution process models incorporate Deloitte’s lean engineering leading practices and include major PLM processes to accelerate blueprinting. Our digital product lifecycle management approach:
Transformation toolkit
Based on experience with large transformations, we’ve developed a library of templates and tools that can accelerate the process to mature and deploy the base DPLM solution as per client need. Artifacts that are part of the toolkit include:
Searching for solutions to help drive innovation? Explore our product and R&D strategy