The digital transformation is sweeping through every industry — even those that are resistant, like food and beverage manufacturing. But with the quickening pace of the market, supply chain disruptions, and lower profit margins, it’s imperative to adopt technology that will improve resilience. Product lifecycle management (PLM) platforms can help manufacturers meet the demands of the moment, as well as thrive in the future.
Not all companies are ready for such a major investment. And those that are may need to make significant changes to their operation in order to successfully implement the technology. Here’s what to keep in mind:
Are your Excel spreadsheets no longer enough to keep track of product data? Are employees constantly struggling to track down specific files and information? Is development taking too long, even as competitors release more innovative products on an accelerated timeline? All of these could be signs it’s time to invest in a PLM solution.
PLM replaces manual spreadsheets with a comprehensive database that encompasses every single stage of a product’s life from ideation to retirement. These platforms eliminate data silos by allowing users to keep all product information, documents, workflows, and communications on one single platform. Workers no longer need to spend time manually sending information to other team members or agencies requesting it — it’s all available live and in real-time for anyone who has access through the cloud network.