Seminars explain fast track to PLM
Educational seminar series aims to help manufacturers understand how to improve their value chain synchronisation.
Siemens PLM Software is expanding its "Fast Track to PLM" SMB (small to medium-sized business) educational seminar series to help manufacturers understand how to improve their value chain synchronisation.
The need for value chain synchronisation is the focus of a new report issued by management consulting company Cambashi: "Value chain synchronisation for mid-sized manufacturers".
The report states that SMBs are seeing significant performance advantages - including on-time delivery, overall spending, reduction in finished goods inventory and increased communication - by employing PLM technologies within their value chain.
Cambashi explains that the value chain extends the supply chain to include design and research partners as well as the traditional operational partners.
"Value chain relationships that involve product development as well as supply offer growing business value in global markets", says Peter Thorne, Director of Consulting, Cambashi.
"Both in-house and external communication must be considered".
"Every group must respond to changes and new information as if they were part of a single unit".
"For mid-sized manufacturers, PLM is an essential tool for maintaining and improving efficiency and speed even as products, manufacturing processes and supply structures are becoming more complex".
"SMBs recognise that to increase their competitiveness in today's global market they must collaborate with their partners and suppliers in a much more dynamic and effective environment", says Dave Shirk, Executive Vice President, Global Marketing, Siemens PLM Software.
"60% of mid-sized manufacturers already do business in a global supply chain".
"The most innovative SMBs use PLM to achieve synchronisation by giving key players access and visibility into the product information they need to manage processes across the value chain".
"With this in mind, our company brought PLM to the mid-market through the Siemens Velocity Series, the industry's first comprehensive, preconfigured portfolio of digital product design, analysis, manufacturing and data management software for the PLM mid-market".
"Siemens Velocity Series enables SMBs to get on the 'Fast Track to PLM' and synchronise their value chain into a global innovation network to bring the right products to market faster".
AMR Research states in its "Insights into Supply Chain Innovation in Europe" report by Guy Dunkerley, Alexandria Rumble, and the AMR Research Europe Team that "supply chain innovators deliver significant business results quickly, showing more than 30% reduction in finished goods inventory and 25% improvement in on-time delivery".
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