PLM benefits to SMEs are considerable
Aberdeen Group, a leading research and market intelligence company, have released a new study entitled “The Best Kept Secret of Top SMB Product Developers? Finding the Shortest Path to PLM”.
The report reveals that while there is still a relatively modest adoption of PLM by SMEs, there is a clear performance benefit to those that are using it. Specifically, product profit margins are claimed to be 18.5% higher. In addition to this, the report claims that misconceptions of PLM are extensive which prevents many smaller companies from recognising the value, or indeed exploring PLM as an opportunity at all.
“Prior to implementing PLM, Best-in-Class SME companies focus on understanding their current product development processes so they can identify where PLM will offer the most benefit. Starting with the problems they need solved clarifies how PLM will help them. They are also sure to have executive level involvement from the very beginning,” observes Michelle Boucher, Research Analyst in Aberdeen’s Product Innovation & Engineering practice. “Their approach pays off as their implementation costs are 74% lower than the Industry Average.”
A complimentary copy of the report has been made available by IBM, Siemens PLM Software and the Aberdeen Group. This offer remains open until 26 September 2008.
