Product Lifecycle Management Transformation: The Journey to Best-in-Class Product Development
Best practices and the multi-step process of developing a comprehensive PLM Strategy and preparing your organization for the journey.
In the past several years Kalypso has watched companies try to implement Product Lifecycle Management solutions on a tactical basis; focusing on a single department or system function, defining the business problem narrowly, or taking a technology-replacement approach to their programs. These projects inevitably fail to deliver any significant business impact, but they are safe, small, and can “fly below the radar” of the executives. Nobody gets promoted, but nobody loses their job.
Similarly, companies that adopt a strategic, “vision-driven” approach to their PLM programs are significantly outperforming those that view PLM more tactically. It should be no surprise that this more strategic approach is yielding outsized returns. So why aren’t more companies taking this path? Success in this model requires large doses of leadership, courage, vision, and patience – and usually a bigger overall budget. The other thing you need is the experience and knowledge of how to transform your innovation processes by leveraging investments in PLM.