"Industry leaders are more likely to go beyond the basics in integrating PLM processes, data, and applications to improve efficiency and drive higher profits," observes Jim Brown, Vice President and Group Director, Product Innovation & Engineering Research. "Making processes more efficient and reducing unnecessary administrative work means that designers and product development resources are freed up to focus on innovation, and can bring their innovation to market quickly to capitalize on margin advantages for new products."
Aberdeen's research found Best-in-Class companies achieve substantial benefits in the factors that drive product profitability. These leading companies are twice as likely to meet product launch dates and product revenue targets as their lagging competitors. Aberdeen analyzed the approaches that Best-in-Class companies take and identified the critical best practices for PLM integration, and recommends next steps companies should take to adopt an improved approach, including how to:
-- Take process integration beyond the release to manufacturing and change management processes -- Continue to take advantage of a multi-dimensional approach to integration today, but explore more advanced integration capabilities such as service-oriented architectures (SOA) and master data management (MDM) as application architectures mature
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