Evaluating the benefits of PLM
Return-on-investment is a recurring issue when companies introduce or extend PLM software or replace their legacy systems. In the classic product development process, which ends with the release into production, the ROI is well calculable. The analysis of workflows, existing quantity structures, business ratios and reference projects provide the figures for this.
In the course of digitization, the profitability analysis must also consider the added value that new PLM and IoT applications open up for the product and service business. This technical article describes how an overall assessment can be determined from the individual PLM maturity level of a company and the future potential benefits.
ProductDataJournal No. 1, July 2019