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Best Practices: Moving to the Innovation Platform: Evolution of Product Life-Cycle Management in India Manufacturing

Best Practices: Moving to the Innovation Platform: Evolution of Product Life-Cycle Management in India Manufacturing

As PLM matures from one of the many enterprise-level IT applications into a holistic platform for innovation cutting across departments, functions, and organizations, it is important for all stakeholders — from the CIO to the VP of engineering/manufacturing/supply chain/services — to understand the unique requirements of an organization, match the available applications in the market, determine what level of customization to do, and deploy an effective PLM suite of functionalities.

"Organizations that recognize the evolution of PLM into the 'Innovation Platform' and proactively plan for its effective implementation enabling the seamless flow of information across the enterprise will have a significant advantage in product innovation to quickly, efficiently, and successfully roll out high-quality new products and services matching market needs," says Ramachandran S, principal research manager, IDC Manufacturing Insights.

Please Note: Extended description available upon request.


IDC Manufacturing Insights Opinion
In This Study
Situation Overview
PLM as the Innovation Platform
Business Needs
Business Priorities
Business Drivers
Growth in IT Spending for Engineering
Changes to Product Development and PLM
Management Challenges
The Best Practices
PLM in L&T Heavy Engineering Division
Challenges Faced
Best Practices
PLM in Hero MotoCorp
Best Practices
PLM in Pricol
Best Practices
Study Findings
Future Outlook
Essential Guidance
Actions to Consider
Learn More
Related Research
Synopsis
Table: Business Priorities Across Value Chains
Table: Forecast Growth in IT Spending for Engineering Applications in India, 2015

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