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October 4, 2016
Product Lifecycle Management (PLM) has a very attractive ROI. It helps address the inherent complexity of product innovation, product development, and engineering resulting from today’s complex products and product development landscapes. It’s one of the few initiatives that concurrently drives both top-line and bottom-line results.
But getting these returns is sometimes considered too big of an investment. PLM initiatives have historically been known for long, expensive implementations. Most manufacturers no longer have the appetite for software projects that don’t show an ROI in the first year or so.
PLM implementations on average:
• Improve revenue by 13.4%
• Grow profit margins by 13.2%
• Increase percent of revenue from new products by 15.8%.
Read more about how PLM implementation are faster, less expensive, and impact ROI in this Tech-Clarity white paper.