Old product lifecycle management (PLM) has had its day. For more than two decades, it’s failed to deliver on its promise of true enterprise product collaboration.
Legacy PLM, which is primarily deployed on premise and confined to engineering, just doesn’t cut it anymore. Now more than ever, manufacturers need technology to help them collaborate broadly and pivot quickly. With a recent investment of more than $2 billion in the PLM space, it is clear that cloud is ushering in a renaissance for this decades-old space, forever changing the way manufacturers deliver products to market while enabling entirely new business models.
Deliver the Right Products Faster & Delight Customers
Manufacturers are increasingly moving toward modern and configurable cloud-based offerings to survive and thrive in the ‘new normal’ while relentlessly working on limiting business disruptions and delivering superior customer experiences. Today, replacing your legacy PLM and quality management system (QMS) solutions, with a collaborative, flexible and cost-effective cloud-based PLM platform, is crucial to future-proof your organization.
A pure cloud approach engages the entire value chain across the product lifecycle. This helps address the traditional PLM dysfunction by facilitating meaningful collaboration between customers, suppliers, R&D (product, engineering, manufacturing, and quality) and go-to-market (sales, service, marketing) teams. A unified cloud-based platform equips the enterprise with the data, insight, and context needed to create winning products efficiently, commercialize them successfully, and correct issues decisively.
To help manufacturers overcome current and future disruptions, simplify disparate and inefficient business processes, and extend the definition of PLM to be increasingly business and customer-centric, cloud PLM is a must. As we live, work, and move through ever-changing and exponentially evolving business, technology, regulatory, and customer ecosystems, your broader digital transformation journey is incomplete without transitioning.
Superior customer experience and innovation needs to be core to a company’s strategy to help drive revenue growth while providing a competitive edge. However, it’s easier said than done. Business executives are continuously challenged to bring the right products to market quickly, ensure their ongoing success, all while meeting aggressive growth and profitability targets. The key is to provide manufacturers with a solution that unifies the people, processes, and technology right from concept to customer.
A Way Forward
Propel’s cloud PLM, powered by Salesforce, is easy to use, streamlines enterprise-wide collaboration, is fast to deploy, and ensures total compliance. Unlike legacy solution providers, Propel continues aggressive innovation with three major product releases every year, ensuring customers are always up-to-date.
So, the question is: Are you prepared to succeed by moving towards a modern way of delivering products from concept to customer?