CIMdata PLM Industry Summary Online Archive

21 August 2008

CIMdata News

CIMdata Reviews Siemens PLM Software’s Velocity Series Portfolio “Product Lifecycle Management for Mid-Sized Companies”

CIMdata announces that they have published a new review of Siemens PLM Software’s Velocity Series Portfolio. This review provides an overall description of the market dynamics that drive mid-market companies to invest in PLM, CIMdata’s assessment of the Velocity Series Portfolio program, and a brief review of experiences from a number of Velocity partners. The paper provides a perspective on the program since its inception, its current status, and observations about its progress. This is an assessment of the entire Velocity Series Portfolio program and is not focused on any individual component of it.

Ed Miller, President of CIMdata explained, “To become more effective, more innovative, and more successful, businesses around the world are investing in PLM at increasing levels.” He added that while PLM has been implemented mostly by the world’s larger organizations, “Mid-sized enterprises, faced with the same challenges as larger organizations, are turning to PLM to improve their competitiveness.” He pointed out that “while the need is similar, the solutions and approaches that are required vary.”

Mr. Miller further explained that most PLM solutions targeted at mid-sized and smaller companies have not included support for a full PLM approach. He said, “Typically, PLM-related offerings from the majority of technology suppliers have only included individual applications. As a result, customers are left responsible for finding all of the appropriate components that fit into their overall PLM strategy, acquiring them from different suppliers, and integrating them into a coherent PLM solution. Mid-sized companies simply do not have the resources to research and assemble such solutions in this way.” Mr. Miller added, “Siemens understands that and with The Velocity portfolio they intend to support broad PLM strategies for mid-sized companies. Siemens believes that mid-sized companies are ready for PLM, and they are attempting to satisfy that demand.”

CIMdata believes that mid-sized companies can benefit tremendously from PLM strategies and solutions, and that the lessons learned by mid-sized companies in their adoption of PLM will benefit all enterprises, regardless of size. Investments from mid-sized companies continue to grow faster than investments from larger companies as PLM solutions become more focused and tailored for them.

For more information please contact CIMdata at +1(734) 668-9922. Copies of the Program Review of the Siemens PLM Software’s Velocity Series Portfolio are available at no cost through the CIMdata website.

About PLM

CIMdata defines PLM as a strategic business approach that applies a consistent set of business solutions in support of the collaborative creation, management, dissemination, and use of product definition information across the extended enterprise from concept to end of life—integrating people, processes, business systems, and information. PLM forms the product information backbone for a company and its extended enterprise.

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