We just got back from the 4th annual Smart Industry 2018 Manufacturing Technology Conference, where we learned all about the state of digital transformation in manufacturing. Here's our 5-point summary. 1. Digital transformation in manufacturing doesn't have to be hard One consistent theme was that digital transformation, IoT, Industry 4.0 — they don't have to be clunky, multi-million dollar projects. It [...]
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So far Spencer Grover has created 47 blog entries.
PLM isn't like other software. Return on investment (ROI) can't be calculated from a single number. Product lifecycle management software slips and slides into the crevices of your business. It wraps itself around your organization and delivers: Time savings Cost savings Reduced opportunity cost Better risk management Each of which contributes to the ROI of PLM. And yet, the ROI of [...]
No industry is immune to disruption. Even the disruptive cleantech industry can be disrupted. Meta-disruption, if you will. With that in mind, here are 5 threats we think cleantech companies need to watch. 1. The cleantech industry reliance on lithium-ion batteries The cleantech industry is overwhelmingly focused on renewable energy, electric vehicles (EV), and converting static power grids into smart ones. [...]
Summary: there are two cloud PLMs on the market now. SaaS Cloud PLM — where providers embrace iterative development, SaaS business models, and software integration — and Cloud Lite, where products are delivered over the internet but are at best a reskin of on-premise solutions. While a step in the right direction, Cloud Lite fails to achieve the benefits SaaS cloud [...]
Bringing new products to market is difficult. Only 24% of hardware scale-ups even make it as far as the second round of funding. And cash flow challenges makes this challenge much greater. Today, we're looking at the 6 most common reasons hardware scale-ups who are focused on new product development struggle with cash flow, and what to do about them. 1. [...]
Summary: Excel limits manufacturers because it makes it difficult to track and manage complex production data. As your team grows, it should outgrow Excel for manufacturing. Excel powers SMBs. And with good reason: Excel is an extraordinarily powerful tool for manipulating data. Everyone has it Everyone's comfortable with it No training costs Rapid deployment. Combined with CAD software and a shared [...]
Summary: Open source PLM often bills itself as free. But in fact, there are a number of costs other than licensing that open source PLM providers use to generate revenue that drives up the total cost of PLM. Open source (OS) solutions are increasingly common in enterprise solutions. There are robust CRM solutions like SugarCRM (until 2014) and SuiteCRM, and of [...]
Summary: Automated workflows are key to hitting manufacturing production deadlines. They facilitate communication, collaboration, and faster, less risky product launches. Whether it's your boss assigning a task or a client assigning a project, we all have deadlines to hit. So how can a business make it easier to beat manufacturing production deadlines without risking quality or consistency? That's the exact question [...]
Summary: there are three major types of PLM: specialist providers; modular PLM systems, and dedicated cloud PLM solutions. They all have pros and cons, and it's about choosing the right solution for your business. Product lifecycle management software comes in almost infinite flavors and combinations. And if you think you need PLM, it can be hard to know where to start. So [...]
Summary: The PLM procurement process is a big job. So we've created a cheat sheet of must-ask questions to streamline your PLM system purchase. Given all the flavors available, what to look for in a PLM is sort of a big question. So we trawled through dozens of research reports and hundreds of calls with clients and prospects to bring you [...]