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PTC Embarks on Internet of Things Journey via ThingWorx Acquisition
PTC ended 2013 by announcing it had acquired ThingWorx, creators of a platform for building and running applications for the Internet of Things (IoT), for

mckinsey plm  recent report from the McKinsey Global Institute , the IoT has the potential to unleash as much as $6.2 trillion (USD) in new economic value by the year 2025. In the IoT era, increasingly smart and connected products can generate value in many key ways , as streams of real-time operational data are captured, analyzed, and shared to deepen a company’s understanding of its products’ performance, use, and reliability. With increasingly sophisticated IoT technologies becoming available, companies can not Read More

Core PLM for Discrete Industries
The foundation of product lifecycle management (PLM) for the discrete manufacturing industries is product data management (PDM). It covers design and product-related aspects of PLM including manage...
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Documents related to » mckinsey plm


From Idea to Market-ready Product in Record Time
The odds against successful product innovation are long. New products need to win over consumers and convince retailers—a challenging task for many reasons

mckinsey plm  27.5 months. And when McKinsey consultants looked into the effects of delays, they concluded that a six-month delay can reduce total profit by 33%. To shorten time to market, companies need to closely integrate all development-related areas - research and development, marketing, production, logistics, quality management, sales and distribution, purchasing, and controlling and finance. And integrating interdepartmental processes and information flows is just as essential as integrating external service pro Read More
PTC Live Global 2013: All About Design for “Servitization” —Part One
This was my third time attending the PTC Live Global (formerly PlanetPTC Live) conference, and by now I can say with some conviction that, compared to its large

mckinsey plm  to every available market. McKinsey & Co. predicts that by 2025 emerging markets will generate $30 trillion in annual consumption and 70 percent of demand will come from those markets. No smart company will want to cater only to the 30 percent of the market available in the developed world. Manufacturers are thus approaching innovation with a range of techniques, such as scouring emerging markets for items that can be sold in mature economies and even opening up the innovation process to the public ( Bost Read More
Aras Innovator 10 PLM Platform Is Out
Aras, an established product lifecycle management (PLM) software provider, recently announced the general availability of Aras Innovator 10. The latest release

mckinsey plm  Innovator 10 PLM Platform Is Out Aras , an established product lifecycle management (PLM) software provider, recently announced the general availability of Aras Innovator 10 . The latest release provides a new level of PLM platform scalability for enterprises with global supply chains (requirements for large, extended enterprise user counts and rapidly growing data sets), and introduces an HTML5 browser-based user interface (UI), which makes PLM more accessible for business users.   The vendor is Read More
PLM for the Retail Industry Software Evaluation Report
Product Lifecycle Management (PLM) for Retail is an evaluation model containing tailored PLM criteria and extra functionalities that serve the specificities of

mckinsey plm  for the Retail Industry Software Evaluation Report TEC's PLM for the Retail Industry Software Evaluation Report allows you to compare and analyze the features, functions, and services of multiple enterprise software solutions. Vendor responses are comprehensively rated on their level of support of for each criterion (supported, not supported, customization, future releases, etc.) to ensure you make and accurate and informed decision. This Software Evaluation Report provides extensive information about Read More
Hitachi Rail Adopts PTC PLM Globally
At the upper-end of the product lifecycle management (PLM) software market, brand new deals are rare, and expanding business with existing customers is much

mckinsey plm  Rail Adopts PTC PLM Globally At the upper-end of the product lifecycle management (PLM) software market, brand new deals are rare, and expanding business with existing customers is much more common. To that end, PTC recently announced that Hitachi, Ltd. Rail Systems has selected the PTC Global Product Development solution based on PTC Windchill PLM technology as its single enterprise platform for global product development throughout its railway vehicle engineering and manufacturing business. Read More
Core PLM for Process Industries
The foundation of product lifecycle management (PLM) for the process (or recipe-based) manufacturing industries is product data management (PDM). It covers

mckinsey plm  PLM for Process Industries The foundation of product lifecycle management (PLM) for the process (or recipe-based) manufacturing industries is product data management (PDM). It covers design and product-related aspects of PLM including management of material specifications, recipes, formulas, production processes, design tools, document management, and collaboration. Read More
SAP PLM: Outlook and Predictions
This year, product lifecycle management (PLM) vendors have put many interesting initiatives on display to PLM buyers. These initiatives include the possibility

mckinsey plm  PLM: Outlook and Predictions This year, product lifecycle management (PLM) vendors have put many interesting initiatives on display to PLM buyers. These initiatives include the possibility of generating more synergies between enterprise search and PLM, more intuitive decision support in design and engineering, connectivity between direct modeling and history-based modeling in computer-aided design (CAD), social product development in the cloud, etc. Although most of these initiatives need more time Read More
The Many Faces of PLM Part Two: The Future of the PLM Suite
The future of the PLM Suite will include more applications that cover product-related functionality and further expand the benefits available. As the PLM Suite

mckinsey plm  Many Faces of PLM Part Two: The Future of the PLM Suite The Future of the PLM Suite The future of the PLM Suite will include more applications that cover product-related functionality and further expand the benefits available. As the PLM Suite matures, companies will benefit from increased functionality and increased integration between business processes. The ultimate expression of this more mature solution will result in a broad suite of focused, integrated applications that leverage a core of unified Read More
Yanmar Energy Systems Selects Aras PLM
Yanmar Energy Systems, a manufacturer of air conditioning and power generation systems, selects the Aras Innovator product lifecycle management (PLM) solution

mckinsey plm  Energy Systems Selects Aras PLM Yanmar Energy Systems , a division of Yanmar Co., Ltd. and a leading manufacturer of air conditioning and power generation systems, recently selected the Aras Innovator solution suite for enterprise product information and process management. The system’s functionality includes computer aided design (CAD) file management, document management, engineering change management, workflow, as well as secure file exchange across the multilingual extended enterprise.   This Read More
Siemens PLM Software Acquires Camstar MES
Siemens PLM Software recently announced an agreement to acquire Camstar Systems, Inc., one of the proven market leaders in enterprise manufacturing execution

mckinsey plm  PLM Software Acquires Camstar MES Siemens PLM Software recently announced an agreement to acquire Camstar Systems, Inc. , one of the proven market leaders in enterprise manufacturing execution systems (MES) software. The acquisition will build on Siemens’ industrial digitalization strategy by broadening its integrated product development and production automation solutions for the electronics, semiconductor, and medical device industries.   This move represents the latest step in Siemens’ Read More
Product Lifecycle Management (PLM)
PLM software applications support businesses in bringing products and services from idea through to design, production, and final disposition. PLM solutions

mckinsey plm  Lifecycle Management (PLM) PLM software applications support businesses in bringing products and services from idea through to design, production, and final disposition. PLM solutions have evolved to provide comprehensive functionality for all aspects of product innovation, including product development and portfolio management, manufacturing process management, ideation and requirements management, service data, and regulatory and compliance criteria. PLM solutions allow you to create, Read More
Out-of-the-box PLM: PLM and E-collaboration Software for the Electronics Industry
Electronics manufacturing is one of the most complex manufacturing processes. Special software functionality is required to manage information throughout the

mckinsey plm  of-the-box PLM: PLM and E-collaboration Software for the Electronics Industry Electronics manufacturing is one of the most complex manufacturing processes. Special software functionality is required to manage information throughout the supply chain, collaborate with subcontractors, and minimize development time. Learn about product lifecycle management (PLM) and product data management (PDM) solutions that provide the right data management functionality for electronics manufacturers. Read More
From Right Brain to Retail: Cutting Time-to-market with PLM
Apparel companies have to cut their lead times in half if they want to stay competitive—a difficult task without the right product lifecycle management (PLM

mckinsey plm  Right Brain to Retail: Cutting Time-to-market with PLM Apparel companies have to cut their lead times in half if they want to stay competitive—a difficult task without the right product lifecycle management (PLM) solution. In this white paper, you’ll discover how PLM solutions can help your company achieve faster time-to-market. And you’ll learn how integrating PLM with your enterprise resource planning (ERP) system maximizes the capabilities of both. Read More
Can ERP Speak PLM?
Because product lifecycle management (PLM) offers a host of benefits to manufacturers, it has become one of the fastest growing categories of enterprise

mckinsey plm  ERP Speak PLM? Originally Published - August 1, 2003 Product lifecycle management (PLM) promises significant benefits to manufacturers, and the market is full of vendors claiming to provide faster new product introductions, reduced product costs, reduced product development costs, increased revenue, better quality products, enhanced product innovation, and other valuable benefits. Because of the high appeal of these benefits and their associated return on investment (ROI), PLM has become one of the Read More

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