In one of my latest posts I have wrote about the current economic downturn and Today’s Dilemma… Where and how to invest the next $…
Few day ago a new white paper was published by Tech-Clarity, offers action plan and insight for Manufacturers to achieve efficiencies and productivity Gains… entitled: ‘Innovating Through an Economic Downturn: A PLM Action Plan for Small to Mid-Size Manufacturers Facing Difficult Times.‘ Following interviews with several DS ENOVIA SmarTeam customers, this paper provides a set of recommended guidelines for small-to-mid-sized companies, including investment in a well-planned, step-by-step approach to Product Lifecycle Management (PLM) that will enable organizations to achieve efficiencies and productivity gains during the downturn and prepare them to rapidly respond to new opportunities as they arise in the recovering economy.
Here is a summary presentation of this subject:
and here is a quick summary of the Tech-Clarity white paper ‘Innovating Through an Economic Downturn: A PLM Action Plan for Small to Mid-Size Manufacturers Facing Difficult Times.‘:
In today’s climate of reduced budgets, experience has shown that when companies invest in product innovation, product development and engineering process improvement, they are building the foundation for future success. ENOVIA SmarTeam, a leading provider of PLM to the mid-market with over 7000 customers worldwide, has packaged its PLM expertise and experience into quick-to-deploy, preconfigured best practice Express offerings that give small and mid-sized manufacturers maximum value for their PLM investment.
Small and mid-sized manufacturers that have embraced this approach have cut a clear path to ensuring their continued operations and strength due to the improvements they achieved with their PLM strategy. Industrial equipment and consumer goods manufacturer Werner Company, consumer goods and industrial electronics company SEC Lighting and aerospace industry supplier Weaver Manufacturing indicate in the paper how by implementing modular, affordable and phased ENOVIA SmarTeam PLM solutions they have made internal process improvements during downturns in their business cycles that have prepared them for the current economic downturn as well as for future opportunities.
Illustrating the efficiencies gained through adopting ENOVIA SmarTeam‘s PLM solutions, Roman Vachal, marketing manager for SEC Lighting remarked, ‘Our product development speed is much faster, and we found time and cost savings because we need fewer people for product-related documents and data. Improving our data management eliminated defective products, production errors and claims caused by human errors during development and production stages.’
‘For manufacturers, a normal reaction to an economic contraction is to scale back operations, invest less on process improvement and cut product development and innovation, yet my research and ENOVIA SmarTeam customers’ practical experience has shown that a continued investment in product and process innovation pays off in the short and long term,’ said Jim Brown, founder and president of Tech-Clarity.
In a webcast to be hosted by ‘Managing Automation’ on 3 June, Jim Brown of Tech-Clarity will discuss the paper’s findings and share his recommendations to small and mid-sized manufacturers on how to thrive despite the economic downturn. Weaver Manufacturing will be on-hand to relate to their experiences as recounted in the paper.
The Tech-Clarity white paper ‘Innovating through an Economic Downturn: A PLM Action Plan for Small to Mid-Size Manufacturers Facing Difficult Times‘ is available for download and web cast registration from:
