Imagine manually entering data into your manufacturing system and planning to shell out more funds and allocate more time for manual data entry. Sounds crazy? For some manufacturers, it’s still a very real scenario.
What’s needed to break out of this unsavory situation and take back control of your product lifecycle? Integration of ERP and PLM, that’s what. With a simple handshake of systems, you can gain more efficiency in your operations and that leads to other benefits.
What benefits? Let’s take a look at some major ones:
Managing a More Efficient Product Lifecycle
Fewer mistakes and costs – Manual entry of critical data is a pain and before the integration of PLM and ERP, this caused larger headaches for manufacturers. With the huge potential for mistakes and time required to enter data, there was a significant cost. This included a rise in funds and resources to accommodate the entry of information.Now, with a seamless integration, those costs decrease as the need for dedicated resources to data entry does – with up to 70% fewer entry errors. This results in a surplus of funds and resources that can be moved to other areas to speed up the product lifecycle.
Faster times to production – Going off of the previous point, we now have less errors and less time consumed than manually entering data. In turn, this gives us more resources for the entire product lifecycle, including faster times to production.After all, manufacturing relies on speed to keep up with customer demand. With more speed to handle that demand, you can create more product and speed production for more profits.
Faster time to market – Just as my last point mentioned, an integration of PLM and ERP gives us less errors, increased resources and funding, along with speed. Although you want quality, you must include speed in the product lifecycle equation. Speed in production results in faster time to market – this is what brings in revenues. The amount of time it takes to go to market tells us how we will manage the next product lifecycle and if it’s efficient enough or needs adjustment.
A handshake is what it takes for your manufacturing operation to go from inefficient to highly efficient. That handshake of ERP and PLM integrates data processing and offers speed, accuracy and cost reduction – everything you need to make more products faster and increase your bottom-line.
To learn more about managing your product lifecycle with PLM and ERP integration, Talk to our PLM Integration Expert today.