Challenges faced by product development teams include globalization, outsourcing, mass customization, fast innovation and product traceability. Additionally, organizations are being asked to do more with fewer resources; product complexity is increasing while product lifecycles are compressing. Furthermore, to be competitive, manufacturers not only need to increase the rate of product innovation but also accelerate time to market, while tightly managing costs and relentlessly driving quality.
New product development challenges also include external factors such as product proliferation, consumer awareness, fast-moving consumer trends and changing government regulations. At the same time, manufacturers must comply with an increasing number of standards and regulations. Equally important, interest in global product development is growing dramatically, driving new demands for distributed processes, collaboration, and global data management.
The Solution – SoftExpert PLM
SoftExpert PLM is an affordable, easy-to-use, and web-based Product Lifecycle Management (PLM) software that allows companies to manage the entire lifecycle of a product efficiently and cost-effectively, from conception, design and manufacture, through service and disposal.
SoftExpert PLM software can leverage data from across the enterprise to help managers make better decisions about product development, management, design, and production. It enhances the optimization of every step of the product lifecycle, creating higher quality products, launching new products in less time at a lower cost, and maximizing profits.
The solution provides a complete data management system that allows users to assign all of the data necessary to describe design, manufacturing, purchasing, quality/test, and service aspects of product records. Product data can be defined by any product object (parts/components, documents, Bill of Material (BOM), machines/instruments, costs, characteristics, etc). SoftExpert PLM software manages all product revisions and provides a complete audit trail detailing all historical changes.
Product Lifecycle Management – PLM
-
Product realization process
-
Project control
-
Product definition
-
Document viewing
-
Failure analysis
-
Inspection management
Main Benefits
Reduce product cost and greater profitability.
Decrease cost of new product introduction.
Enhance product innovation.
Create quality products, faster.
Less scrap & rework.
Greater design efficiency.
Improve business and operational processes.
Standards and regulatory compliance.
Improve design review and approval processes.
Improve integration and communication with extended supply chain.
Resources
Features
Portfolio
Complete set of tools needed to establish portfolio decision criteria and what-if scenario planning per available resources and strategy.
Projects
Plan, implement and monitor projects specially defined to ensure fully deliverables on time.
Prevention of incidents
Proactive approach that prevents recurrence of incidents by addressing the root cause, avoiding negative impact on the organization's operations.
Process management
Standardization and automation of the change management processes, controlling decisions, deadlines and ensuring product traceability.
Results
Return significant results in planning, covering all aspects of product and process definition at a high level.
Methods
Support manufacturing processes using statistical control methods, product/supplier inspection and automating tasks and activities.
Solution Overview
Solution Overview
(If you can't see this video, click here)
Return on Investment (ROI)
Traditionally when enterprise professionals discussed the ROI of an investment, they were mostly thinking of the "financial" benefits. Today, organizations must also consider the "non-financial" benefits of an investment.
Financial Benefits include impacts on the organization's budget and finances, e.g., reduced costs or increased revenues.
Non-Financial Benefits are the so-called "intangible", "soft" or "unquantifiable" benefits of an investment. Unlike financial returns, there may be no widely-accepted metrics for organizations to apply. However, the Softexpert solutions present undeniable potential for producing positive impacts on business performance and mission results. These include improved customer satisfaction, more precise information and a shorter cycle time.
Featured Resources
Seven mistakes to avoid when integrating new product development processes
The seven common mistakes and the best practices for integrating processes.
Strategizing, road mapping and executing the product line
The differences among product line strategies, business strategies and corporate strategies.