Product Lifecycle Management and the Supply Chain: Extending the Boundaries for Effective Product Realization

| April 27, 2016

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Thriving in today's hyper connected and fiercely competitive business environment is akin to conducting an orchestra, where different functions must work together harmoniously to create customer delight. This becomes all the more challenging with widespread reliance on outsourced manufacturing that requires suppliers, distributors, manufacturers, and resellers to collaborate in real time. More and more companies are realizing the importance of involving the global supplier network early in the product development cycle. This involvement can begin as early as the conceptualization stage and continue across the design, production, distribution, and service phases; in other words the entire product lifecycle. This means that product lifecycle management (PLM) and supply chain management (SCM) can no longer be viewed in silos. These two functions must integrate seamlessly if companies wish to bring high quality, innovative products to the market quickly and cost effectively. Integrating product lifecycle information with supply chain processes also helps organizations hit the right notes with respect to profitability and customer satisfaction. With organizations aggressively pursuing new markets and rapidly expanding operations to drive growth, PLM's role as a supply chain enabler is likely to become more important in the future. In this paper, we highlight the key challenges in managing a global supply chain and how PLM can provide a platform for supplier integration across the product lifecycle. We also discuss some areas of supply chain and PLM integration that are likely to have a notable impact on businesses.

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Chainalytics

Bright Minds. Better Methods. Best Outcomes. Chainalytics accelerates fact-based transformation for supply chain leaders around the globe, including 18 of Gartner’s Top 25 supply chains. We bring unparalleled passion to our core purpose: To help leaders realize maximum value from their supply chains. Our combination of top supply chain talent, proven methodologies, and proprietary market intelligence delivers actionable insight and measurable outcomes. With locations across North America, Europe, and Asia-Pacific, Chainalytics serves companies globally in a borderless fashion.

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