On average, engineers spend less than half of their time on innovation and design work
Manufacturers simply can’t afford that low level of productivity! The number one culprit is searching for information. PLM helps avoid wasted time by letting engineers easily access and share information in real time with each other, across departments, and with the supply chain. Centralized information helps manufacturers catch mistakes early and gives executives the ability to see what’s going on.
A significant key to efficiency is working real-time in a product context. PLM manages product structures instead of managing BOMs as documents. A data-driven approach allows engineers to see designs in relation to the rest of the product. It lets them work in parallel without having to rework things when updates by one designer ripple through the product. Everyone can see the latest product in real time to prevent rework. It even helps reduce interruptions because non-engineers can see product designs on their own so engineers don’t have to waste time pulling information together and sitting in design reviews meetings.
“Poorer performing companies spend, on average, 34% more time on non-productive data management tasks than world-class companies.”