10 Reasons You Need ERP and PLM Systems

1. Reducing Risk

With digital design software implemented in your PLM system, you have the opportunity of seeing the real product before it gets manufactured. By seeing all the parts, pieces, and tools behind the scenes, the risk of product design mistakes are reduced drastically.

2. Increasing Productivity

As crazy as it sounds, research has found that 61% of employees felt they spent their time doing tasks outside of their main job role. With PLM in place, documents, communications, and workflows are implemented. This allows for employees to solely focus on their job while using their excess time attending to other customer-related projects, which creates quicker time-to-market.

3. Quicker Time-to-Market

Software programs have been shown to increase time-to-market anywhere between 75%-90%. With digitalization at your fingertips, you can do the entire PLM process from start to finish– beginning with the product design and finishing with the data analytics that come from the project. When all tasks can be completed through just a few different programs with quality control measures, you are bound to accelerate your time-to-market.

4. Cost Management

With all digital systems considered and the ability to make complete products and changes before printing, you will reduce costs on materials and re-prints. Not only does cost management benefit funds, but it also positively impacts your employees’ time spent on a project.

5. Integrated Data Sharing

One of the best things about ERP and PLM systems is the ability to integrate systems and data sharing. Before, you may have been dealing with excessive amounts of documents, multiple customer accounts, and designs- all on different software systems or even pen and paper. With flexible software that can not only integrate with other systems, but also store things on file and track results, data sharing easily becomes one of the most convenient benefits from ERP and PLM.

6. Better Product Quality

With systems happening behind the scenes and before products hit the shop floor, you can cross-check tools and processes immediately. When digital design systems allow you to review and track creation tools down to the smallest details, your products will be produced at the best quality possible.

7. Improved Collaboration

Between multiple departments, offices, and the shop floor, communication can easily get lost in the mix. ERP and PLM systems give your company the opportunity to have all processes stored in one place with visuals, text, and more that create a streamlined processes for everyone so you never miss a beat.

8. Improved Planning

Planning is a critical task for your team to complete if they want to create a near-perfect product all while keeping the customer happy. With ERP and PLM, you can plan all steps in a product lifecycle from the beginning to the end.

9. Analytics

Once a product gets completed within a project, you want to see the results- right? Of course! Analytics are a huge part of tracking what systems do and don’t work for your company. With ERP systems, analytics can be formed and tracked within just a few clicks.

10. Scaling Business

Everything that was just discussed in the past 9 points are things that will lead to ERP and PLM implementation scaling your business. When systems can be done faster and better, you will have the ability of accepting more projects and creating customer happiness.

In summary, there are 10 reasons you need ERP and PLM systems to help streamline business. Your company may be close to perfecting their processes, but integrating ERP and PLM systems may just become the final cherry on top to their overall success.