PLM is critical to help companies accelerate time to market, extend returns form products by quickly introducing market driven enhancements, increase product profitability through reduced warranty costs and optimizing manufacturing processes and resources, reduce build costs by minimizing costly prototypes and eliminating manufacturing errors, reuse knowledge to gain efficiencies in processes and eliminate non-value processes.
PTC Q1 Profit Drops 53% - AP - You can guess by reading such revenue drop news how badly it must have affect Manufacturing, service industry. When CAD solution giant itself has such down turn.
Arena PLM Q3 Revenue Up 35% - Interesting news PLM Solution provider still going high in down economy. Which clearly indicates PLM is solution!
Global down economy brings new opportunities for the engineering industry – and new challenges. The opportunity to deliver superior products to a worldwide marketplace is balanced with pressures including:
Handling support requirements for new product designs or routine product design services
Rolling out critical product design changes
Extracting business-critical information
Timely inclusion of new datasets into existing mapping systems upgrading existing systems to match new versions
Data migration
Application maintenance
Many Automotive companies are going for PLM solutions and getting better results out of it. But still there is need for cheap, easy to learn, apply solutions.
Companies like Siemens, Dassault are coming forward with great solutions in PLM, Let's hope better time ahead.
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