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.

Xavor's Semiconductor PLM Applications

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