Starting down the path of implementing PLM solutions may at first seem like a daunting task, but your opinion may change after speaking with one of our sales specialists.
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AMR Research recently stated: "No company is capable of stimulating and capitalizing innovation on its own. Each must close the gap between itself, its customers, and its partners, making every effort to collaborate effectively." [AMR Alert "Global Business Leaders Told to Mind the Innovation Group"]
Even if your value chain is contained in a single region of the world, you feel the pain of imperfect communication, imperfect coordination, and unrealized opportunity. But if you are like most CP companies today, "The World is Flat". The sun shines on your value chain 24 hours a day, and your coordination and communication issues are amplified many times over.
Value Chain Synchronization Initiatives enable consumer products companies to respond effectively to global demand by enabling continuous idea exchange and the sharing of product and process information among all value chain stakeholders. These initiatives help companies gain the needed visibility to collaborate across the extended enterprise:
Research shows that up to 80 percent of a product's cost is committed during design. And of those costs, up to 80 percent are direct material goods. What's more, the cost of a change rises by a multiple of 10 with downstream subsequent stage of development. It is clear that there is significant opportunity for improvement when companies synchronize the contributors of that 80 percent (their value chain) with their design processes.
Consumer products companies can involve their global network of suppliers early in sourcing discussions, assessing change implications and initiating "should cost" discussions by establishing a real-time, digital collaboration environment.
