PLM Benefits and Metrics

• There is a Lack of Value Awareness: Many organizations struggle to invest in PLM because decision-makers don’t fully understand the tangible value it can deliver.
• There are Misconceptions About PLM’s Role: PLM is often viewed narrowly as a tool for product development rather than a critical enabler of enterprise-wide digitalization.
• No Clear Metrics for Success Exist: Without defined metrics, PLM teams face challenges in demonstrating the success of their implementation and adoption efforts.
• It's hard to Justify Investments: Proving the value of digitalization strategies becomes challenging when there is no clear way to measure and communicate their impact.
• It's hard to Prove PLM’s Value: While many believe PLM supports digitalization, a lack of concrete evidence undermines their ability to justify its use and secure buy-in.

• Define Impactful Metrics: Learn how to establish meaningful metrics that effectively measure the benefits of PLM and other related digitalization initiatives that will help you communicate the value of PLM.
• Create and Understand What Makes a Reliable Metric: Discover what makes a good metric and strategies for building them when you can’t pre-measure to get a baseline.
• Drive Enterprise-Wide Adoption: Explore leveraging metrics to accelerate and sustain digitalization adoption across your organization.
• Measure and Sustain ROI: Understand what defines PLM ROI and how to establish an ongoing measurement process to drive continuous improvement.
• Have Real-World Success Stories to share: Gain insights into the measurable benefits companies have achieved by deploying digitalization.

This webinar will benefit people from many parts of organizations since PLM is usually implemented to support cross-functional needs, providing a single-source-of-truth to information that impacts ERP, manufacturing planning, service, and other downstream processes. Multiple levels and roles will find the information presented to be valuable: PLM planning and implementation team participants, all levels of management, PLM users (product developers, manufacturing planners, shop floor, quality teams, installation and services practitioners, IT, purchasing, and others)—anyone impacted by digitalization and PLM.