plm strategy in manufacturing industry

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  • 1. PRODUCT LIFECYCLE MANAGEMENT STRATEGY IN MANUFACTURING INDUSTRY PROJECT REPORT MANAGEMENT INFORMATION SYSTEMS MBA(PT)2011-14 -SEC B-Group:5 Deepak Bal (Roll No 67) Harmeet Singh Bhatia (Roll No - 71) Kanwar Pal Singh (Roll No 74) Mandavi Sharma (Roll No 76) Gordhan Meghwal (Roll No - 106)
  • 2. Product Lifecycle Management IIFT, New Delhi -------------------------------------------------------------------------------------------------------------------------------------- Group 5, section B, MBA PT 2011-2014 CRM Customer Relationship Management ERP Enterprise Resource Management SCM supply chain Management PLM- Product Lifecycle Management Enterprise IT Systems
  • 3. Product Lifecycle Management IIFT, New Delhi -------------------------------------------------------------------------------------------------------------------------------------- Group 5, section B, MBA PT 2011-2014 Introduction - PLM______________________ Manufacturing industries are facing growing challenges. They are under continuous pressure to increase their production by increasing efficiency. Market globalisation and an increase in customer demands has forced companies to produce more complex and individualized products in a shorter lead-time. One of the key points of the success of such kind of enterprise structures is the ability to communicate about and around the product, internally as well as externally. Products generate a large amount of information, so the classical communication systems phone/fax/email used by 90% of companies are not structured enough to enable efficient cooperation. Product Lifecycle Management (PLM) is first of all an enterprise strategy. It involves managing all the data concerning a product, throughout its lifecycle, and all the internal and external factors involved in the development of this product. PLM manages data, people, business processes, manufacturing processes, and anything else pertaining to a product. PLM technology is engineering-centric. It is primarily concerned with enabling the creation, innovation, and collaboration around new products and line extensions. PLM software helps define physical items. According to the Aberdeen Group, nearly 80% of product costs are decided in product development leaving transaction-based applications (like ERP) with direct influence over only 20% of the total costs.
  • 4. Product Lifecycle Management IIFT, New Delhi -------------------------------------------------------------------------------------------------------------------------------------- Group 5, section B, MBA PT 2011-2014 PLM Methodology _____________________ I. Identification of concerns/pain areas/needs This analysis can be implicit and explicit. In the implicit mode the company is aware of some of the pain areas or needs for a PLM system. In explicit mode, a detailed analysis phase is done by interviewing and observing the experts. The company can chose either one or both the approached to conclude on the areas of concerns or improvement. The observation show how the technical data/s are use in the company, their purposes, their process. Some of the areas of concerns for manufacturing industries include Data Duplicity Tedious data search No Secured data sharing and access Delay in Implementation change Unable to track design changes across all levels In efficient project tracking Unable to get accurate cost of projects II. Formulation of solution The goal of this step is to formalize the to be business processes that will respond to the identified needs/concerns. A careful re-search is done on the collected information/data and analyzed by subject matter experts or consultants to arrive on a to be process. Many customized/templates tools can be used to quickly arrive at results. Some of the solution could be Product Data Management ( PDM ) (design) Change Management Standardisation of Design Project Management Knowledge capture and re-use
  • 5. Product Lifecycle Management IIFT, New Delhi -------------------------------------------------------------------------------------------------------------------------------------- Group 5, section B, MBA PT 2011-2014 III. Demonstration on ROI/Benefits; POC The solution vendor then has an informal discussion with the major stake holders on the probable solution. Once there is a concurrence on the same a detailed demo-presentation or Proof of concept (POC) has to be done to all stake holders. The POC or demonstration highlights the major pain area/concerns faced by the organization and the proposed solution to address this issue. A detailed ROI is presented to the stakeholders. The major benefits of PLM include - approximately 40% to 60% reduction of time searching for data Development cycle reduction by 40% data/knowledge/ Intellectual Property re-use significantly increased Improved communication across all departments in an Better resource utilization Greater Design efficiency Less scrap & rework Standards and regulatory compliance IV. Describing a deployment and adoption plan The deployment plan lists in detail the phase wise implementation process. This includes timeline for deployment of various software tools to achieve specific business processes. The plan highlights the software license required, implementation schedule, resources required, etc. A typical deployment plan can be as follows- Product Data Management; 3-4 months, 3 software specialist Change Control ; 2-3 months, 3 Engineering process specialist Knowledge Management ; 2-3 months, 3 Engineering design specialist Design standardization; 2-3 months, 3 Engineering design specialist Connection with ERP system; 3-4 months, 3 software specialist User Training; 1 month System go-live
  • 6. Product Lifecycle Management IIFT, New Delhi -------------------------------------------------------------------------------------------------------------------------------------- Group 5, section B, MBA PT 2011-2014 V. Go-live As this stage or date the actual usage by the organization starts. The organization from this date starts to completely follow the new system. Since adequate training has been imparted during the deployment phase, the users are in a comfortable to quickly adopt the new system. VI. Post Go-live support The solution vendor provides post production (after go-live), to ensure a smooth transition to the new processes. Any bugs, technical issues, training issues are addressed during this stage. VII. Post Go-live assessment A comprehensive feedback and assessment is done to measure if the to be process have been achieved. Corrective steps are taken to ensure that the process remain on track. This assessment can be periodically for a year, before declaring the PLM deployment a complete success.
  • 7. Product Lifecycle Management IIFT, New Delhi -------------------------------------------------------------------------------------------------------------------------------------- Group 5, section B, MBA PT 2011-2014 PLM Implementation_____ ______________
  • 8. Product Lifecycle Management IIFT, New Delhi -------------------------------------------------------------------------------------------------------------------------------------- Group 5, section B, MBA PT 2011-2014 Product Data Management Product Data Management ( PDM ) enables enterprise organizations to track and manage the creation, change and archival of all information related to a given product, including Computer-aided design ( CAD ) models, drawings, specifications and other associated documents in single, centralized data repository. Program Management Program Management provides comprehensive functionality to reduce project costs, improve profit margins and shorten product development cycles. Project Management Project Management provides up-to-the-minute visibility into projects and programs, enabling enterprise organizations to plan and manage resources, mediate risk and maximize profitability. Virtual Product Development Virtual Product Development (VPD) is an approach that takes a design at the earliest concept stage and fully evaluates design specifications and usage scenarios, and then uses this information to guide the development process. VPD continues to expand in its usefulness and application adding new efficiencies to product development processes. These efficiencies have become a key factor in an organizations success in todays marketplace. Manufacturing & Supply Planning Manufacturing & Supply Planning improves management, coordination and communication with suppliers, making it easier to manage relationships across a distributed, multi-tiered supplier network
  • 9. Product Lifecycle Management IIFT, New Delhi ----------------------------------------------------

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