CIMdata PLM Industry Summary Online Archive
1 August 2008
CIMdata News
Cost Savings and Cycle Time Reductions are Still the Leading Drivers for PLM Implementations According to CIMdata’s Latest Poll
NOTE: The results of these polls are anecdotal, not scientific.
If you have a suggestion for a poll you'd like to see contact us at info@cimdata.com.
Analysis
The results of last month’s poll (What is the primary driver for deploying PLM solutions within your business) indicate that cost savings and cycle time reductions are still the leading drivers for PLM implementations. These two areas represent over 50% of the responders primary drivers (25% for cost savings and 28% for cycle time reductions). These have been the primary drivers for over four years – in a similar CIMdata poll in 2004 over 53% indicated the same primary drivers. New product introduction also remains important with 16% of respondents indicating that it was a primary driver. These results confirm that enterprises are under pressure to get new products to market faster while continuing to reduce costs. These pressures reflect the need for companies to improve their profitability and maintain their competitive position through faster delivery of more products.
Improving manufacturability is also an important driver with 14% of respondents indicating it was primary. This is up from just over 3% four years ago and indicates the increasing importance of being able to more efficiently (and more cost effectively) manufacture the increasing number of new or improved products being brought to market. Other factors such as serviceability and regulatory compliance are drivers but at this time less important than cost and time reductions.
For comparison results from this poll when it was featured in 2004:
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