Summary: SCM is a software solution that helps companies make their supply chains as efficient as possible, usually by reducing inventory without compromising service levels. For manufacturers of complex products, SCM also catalyzes collaboration between the engineers who design assemblies and the suppliers who make them. What is supply chain management in manufacturing SCM software creates processes and workflows that manage [...]
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So far Spencer Grover has created 44 blog entries.
Summary: PDM is a tool to manage product data and ensure robust version control and a single version of the truth. PLM manages the workflows, processes, and the cross-department/cross-chain engagement organizations need to bring products to market. PDM vs PLM? It's a non-starter - companies need both. We’ve been talking a lot about the enterprise tech stack recently, looking at [...]
Summary: CX is a crucial part of selecting a PLM system, that is often forgotten. But its impact on user adoption, process compliance, and profitability are all reasons why it needs to be a priority during your PLM evaluation Customer experience (CX) is traditionally something PLM vendors leave by the wayside. Rip and replace methodologies, implementations that can last years, and [...]
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 [...]
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 Cleantech is overwhelmingly focused on renewable energy, electric vehicles (EV), and converting static power grids into smart ones. And these [...]
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. [...]
By Mike Domazet This article was originally published on LinkedIn. You can read the original right here. My career began deep in the Product Lifecycle Management trenches. I sold various PLM tools as a young man and had the opportunity to work all over the world in a 15 year time span. I was successful constructing and selling large enterprise [...]
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 [...]