Product life cycle management is the series of strategies, business practices, and technology design for acquiring and maintaining product information across the entire life cycle of the product. The benefits of implementing PLM include the ability to boost development speed, enhance customer satisfaction, optimize operations, and create new revenue generation opportunities. By applying innovative business practices, modifying business culture and organizational structure, and leveraging technology solutions, companies gain the abilities to develop and maintain a consolidated version of product and compliance data, to create an integrated and proactive design process aligned with supply chain practices, and to accurately track product-portfolio performance during the life of the product. Essentially, practices become more efficient, cost effective, and the company becomes able to make better decisions to maximize product performance and reduce rates of product failure. Most importantly, small changes in PLM yield huge returns in profit and savings for any company.
Though the benefits are immense, many companies are currently not leveraging the advantages of PLM. Because of the rapidly and incessantly changing tastes and habits of the market, most companies release new products with more frequency, less efficiency, and without tracking the life of the product. This focus on frequency leaves less time for efficient practices and is often linked to lack of communication and alignment between departments. To exacerbate matters, almost 9 out of every 10 new products released on the market fail to meet revenue or share holder expectations or are unprofitable due to inefficient development or handling. However, a small decrease in product failures can mean massive affects upon the company’s bottom line. Additionally, as little as a 1% decrease in the cost of goods and 1% decrease in the cost of product development can increase a product’s ROI by 20%. PLM addresses all of these problems, and brings these returns.
Implementation of PLM, in the past, has been a daunting task, but Xavor leverages the best in academic research and industry best practices and translates them into your terms and specific to your industry so that your company can apply the concepts in a palatable, understandable, fruitful form. Xavor has already done PLM workshops for companies in the semiconductor industry with lasting, quantifiable results.
Xavor’s PLM Solution
The Xavor PLM solution, using Microsoft Web technologies gives our customers a competitive edge in managing their product lifecycle. The PLM solution makes the customer’s product lifecycle management tasks, cost effective and efficient in tracking product development, quality, customer issues, and retirement.
Product Design Tracking
Industry Business Challenges
Manage product data through the extended enterprise
Product data management, product definition, version management, packaging instructions
Reduce new product introduction cycle time
Assembly instructions with BOM, package test instructions, wafer probe/sort instructions
Effective Change Management
Assembly and fab instructions change approvals and notifications
Package Failures Tracking
Customer returns processing, validation and acceptance, package qualification
Probe and Test Tracking
Wafer probe/sort instructions, package test instructions, approvals and notifications to customers
Problem Defect Tracking and Partner Communication
Problem Tracking and Failure Analysis
Enable global outsourced design and manufacturing
B2B integration and knowledge sharing using Agile collaboration environment
Vendor Managed Inventory Integration
B2B integration for vendor managed inventory using industry standard protocols (Gentran GIS, ebXML, RosettaNet etc)
Xavor SAT Offering
Strategist : Industry Domain Identify areas where PLM may provide strategic advantage to the clients business
Establish PLM success metrics and assess and optimize business processes
Implement industry “best practices” from experience accumulated from past customer engagements
Analyst : Business Process Analyze existing processes, data requirements and business needs
Manage customer engagements, including project management, and coordination with third parties
Work closely with customer support and engineering to maximize customer satisfaction
Technologist : Agile PLM Platform Agile PLM Administration (Installation/Configuration)
Data migration from existing databases into Agile
Agile Customization: Workflows, Process Extensions, Custom Solutions using the Java Agile SDK
See how Xavor can take your competitive advantage to the next level?