Product Lifecycle Management Assessment. In today's market, manufacturers are under increasingly intense pressure to reduce product cycle times to remain competitive. To make this happen, you, your suppliers and your customers must be involved in a collaborative effort.

Sanchit can help you optimize your Product Lifecycle Management (PLM) processes and systems by focusing on:

• Document Management

• Product Structure Management

• Solution Integration

• Change & Configuration Management

• Work Flow Control

• Asset Lifecycle Management

• Project Management

• Collaborative Engineering

• Quality Management

• Obsolescence Management

Business issues being faced as a result of ineffective product lifecycle approaches include:

• Price erosion and loss of long-term market due to late product introduction

• Labor intensive and inefficient New Product Introduction (NPI) and Engineering Change Order (ECO) processes

• Material availability issues

• Excessive direct material costs due to scrapped parts, inefficient manufacturing processes, and excessive inventories throughout the supply chain

New processes are being used to improve the management, communication and collaboration of product design, specification and change information throughout the entire product lifecycle from initial design through manufacturing, sales, service and obsolescence.

A sampling of these processes include:

• Current real-time viewing of common product content across the supply chain

• Accurate product content to insure that suppliers use the correct materials

• Content synchronization through collaboration, as well as minimizing data transfers and negotiations during NPI phases

• Timely sharing of product changes to ensure material availability

• Volume discounts, by rationalizing common parts and suppliers, via component lists, AML and "where used" data

Sanchit will create a set of deliverables that will provide you with a road map for maximizing the efficiency of your product lifecycle processes and systems in as little as three weeks. These deliverables will be specific to your company and industry. Deliverables will include:

• Business Scorecard
     How do your product lifecycle processes compare to best practices?
     How do your product lifecycle metrics compare to others in your industry?

• Recommended next steps - prioritized - focused on quick wins

• Expected savings as a result of process/technology improvements

• Phased road map to move forward

"How can I reduce the span time and costs associated with introducing new products and services?", Contact Sanchit for quick, measurable results!.

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