Podcast
Questions and Answers
An organization wants to use PLM to streamline its product development. Which benefit is most directly achieved by connecting design, research, and customer service through a collaboration environment?
An organization wants to use PLM to streamline its product development. Which benefit is most directly achieved by connecting design, research, and customer service through a collaboration environment?
- Reduced costs through software simulation
- Reduced time to market (correct)
- Improved product quality
- Ensuring regulatory compliance
When implementing an enterprise system, a company finds that integrating the new system with existing financial analysis programs and e-commerce operations is more complex than anticipated. What challenge is the company experiencing?
When implementing an enterprise system, a company finds that integrating the new system with existing financial analysis programs and e-commerce operations is more complex than anticipated. What challenge is the company experiencing?
- User frustration with the new system
- Difficulty in managing change
- Cost and disruption of upgrades (correct)
- Management of software customization
A manufacturing company uses CAD software to design a new product. What key capability does CAD provide in this context?
A manufacturing company uses CAD software to design a new product. What key capability does CAD provide in this context?
- Managing the product's lifecycle from concept to retirement
- Analyzing the robustness and performance of the design
- Controlling machine tools in manufacturing
- Assisting in the creation, analysis, and modification of the design (correct)
A company adopts a hosted software model for its enterprise applications. What is a primary goal they are trying to achieve?
A company adopts a hosted software model for its enterprise applications. What is a primary goal they are trying to achieve?
A manufacturing firm decides to implement PLM software but opts for separate components from different vendors over time. What is a potential challenge they might face?
A manufacturing firm decides to implement PLM software but opts for separate components from different vendors over time. What is a potential challenge they might face?
What is the role of CAE software in product lifecycle management?
What is the role of CAE software in product lifecycle management?
An organization is considering adopting a hosted software model. What is a potential disadvantage they should be aware of?
An organization is considering adopting a hosted software model. What is a potential disadvantage they should be aware of?
Which of the following is the best description of how CAM software integrates with CAD and CAE?
Which of the following is the best description of how CAM software integrates with CAD and CAE?
What is the BEST definition of Product Lifecycle Management (PLM)?
What is the BEST definition of Product Lifecycle Management (PLM)?
An engineering firm wants to improve its prototyping process. How can PLM software assist in reducing prototyping costs?
An engineering firm wants to improve its prototyping process. How can PLM software assist in reducing prototyping costs?
Which of the following would be classified as an EXTERNAL user of PLM software and its data?
Which of the following would be classified as an EXTERNAL user of PLM software and its data?
A company struggling with a failed ERP implementation seeks advice. What is a key tip to avoid such failures in the future?
A company struggling with a failed ERP implementation seeks advice. What is a key tip to avoid such failures in the future?
In the context of product lifecycle management, which phase directly follows 'Product Design'?
In the context of product lifecycle management, which phase directly follows 'Product Design'?
Why is it important to be wary of modifying enterprise system software to conform to your firm's business practices?
Why is it important to be wary of modifying enterprise system software to conform to your firm's business practices?
A company wants to improve its manufacturing process by using software to control machine tools and related machinery. Which type of software is best suited for this purpose?
A company wants to improve its manufacturing process by using software to control machine tools and related machinery. Which type of software is best suited for this purpose?
Which action demonstrates a company effectively addressing 'User frustration with the new system' during enterprise system implementation?
Which action demonstrates a company effectively addressing 'User frustration with the new system' during enterprise system implementation?
What is a key benefit of reducing the number of product components through standardization, as facilitated by a PLM system?
What is a key benefit of reducing the number of product components through standardization, as facilitated by a PLM system?
Which phase typically comes FIRST in Product Lifecycle Management?
Which phase typically comes FIRST in Product Lifecycle Management?
If an organization chooses a piecemeal approach to implement PLM, what advantages does this strategy offer?
If an organization chooses a piecemeal approach to implement PLM, what advantages does this strategy offer?
What is a potential problem integrating the hosted products of different vendors?
What is a potential problem integrating the hosted products of different vendors?
Flashcards
PLM Definition
PLM Definition
An enterprise business strategy that creates a common repository of product information and processes.
PLM Software
PLM Software
Software that provides a means for managing the data and processes associated with the various phases of a product's lifecycle.
CAD
CAD
The use of software to assist in the creation, analysis, and modification of the design of a component or product.
CAE
CAE
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CAM
CAM
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Implement a single system
Implement a single system
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Implement multiple systems
Implement multiple systems
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Hosted Software Model
Hosted Software Model
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Pay-as-you-go approach
Pay-as-you-go approach
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Reduce time to market.
Reduce time to market.
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Reduce costs.
Reduce costs.
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Ensure regulatory compliance.
Ensure regulatory compliance.
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Study Notes
Product Lifecycle Management (PLM)
- PLM represents an enterprise business strategy.
- Creates a central repository for product information and processes.
- Promotes collaborative creation, management, dissemination, and usage of product and packaging information.
Product Lifecycle Management (PLM) Software
- PLM software offers tools to manage data and processes across all phases of a product's lifecycle.
- PLM software can include computer-aided design (CAD), computer-aided engineering (CAE), and computer-aided manufacturing (CAM).
Phases of Product Lifecycle Management
- Service & Support
- Retire & Replace
- Sales & Marketing
- Research & development
- Concept Development
- Product Design
- Prototype & Test
- Process Design
- Production & Assembly
- Product Delivery & Installation
Computer-Aided Design (CAD)
- CAD software assists in the creation, analysis, and modification of product designs.
- It increases designer productivity, design quality, and it creates descriptive databases of items.
- CAD data facilitates sharing and is used in machining and manufacturing.
Computer-Aided Engineering (CAE)
- CAE software analyzes component and assembly robustness and performance.
- It simulates validates and optimizes products and manufacturing tools.
- CAE significantly aids design teams in evaluations and decision-making.
Computer-Aided Manufacturing (CAM)
- CAM software controls machine tools and related machinery in manufacturing.
- Models from CAD, verified via CAE, are input into CAM, which then manages machine tools.
Implementing PLM Systems
- Implement a single, integrated PLM system encompassing all phases of the product lifecycle
- Implement multiple, separate PLM software from various vendors over time.
- A piecemeal approach enables organizations to select software that is best suited for a specific phase of the product life cycle.
- A piecemeal approach may make it difficult to link all the various components together to create a comprehensive database of product and process data.
PLM Software Users
- Both internal and external users utilize PLM software and data.
Internal Users of PLM
- Include those in engineering, operations, manufacturing, procurement, sourcing, marketing, quality assurance, customer service, and regulatory roles.
External Users of PLM
- Include a manufacturer's design partners, packaging suppliers, raw material suppliers, and contract manufacturers.
Benefits of a PLM system
- Reduce time to market by connecting design, research and development, procurement, manufacturing, and customer service seamlessly through a flexible collaboration environment
- Reduce costs by reducing prototyping costs through the use of software simulation and by reducing scrap and rework through improved processes
- Ensure regulatory compliance through improved security by providing a secure repository, tracking and audit trails, change and document management controls, workflow and communications
Challenges of Enterprise System Implementation
- Cost and disruption of upgrades are challenges with enterprise implementation
- The average ERP implementation costs $5.5 million and takes over 14 months.
- Radically changing established operational methods to conform to enterprise work processes may be difficult.
- Customizing software may be necessary to meet mandatory business needs; this can be costly and can further delay implementation.
H.B. Fuller Implementation Example
- H.B. Fuller, received $14 million in arbitration against Accenture after a failed SAP ERP implementation.
- The SAP ERP system had problems, and was behind schedule.
- The company spent over $8 million to address issues related to the implementation after spending $60 million.
Avoiding Failed Enterprise System Implementations
- Assign a full-time executive to manage the project.
- Appoint an experienced, independent resource to provide project oversight and validate system performance.
- Allocate sufficient time to transition to the new system.
- Provide ample time and money for training.
- Define metrics to measure progress and identify project risks.
- Keep the project scope well-defined in essential business processes.
- Exercise caution when modifying enterprise system software to conform to the business practices.
Hosted Software Model
- Software vendors are promoting the hosted software model
- A hosted approach helps customers benefit from new technology while avoiding complexity and high costs.
- The pay-as-you-go model enables businesses to:
- Experiment with software without major financial investments.
- Dispose of software without large losses if it doesn't meet expectations.
- Avoid hiring full-time IT staff to maintain applications.
Implementing CRM: iProspect Example
- iProspect’s clients include large companies such as Adidas, and Coca-Cola.
- The firm seeks a formal method for capturing customer information and interactions.
- The goal is to implement a CRM system to capture best practices and improve sales and satisfaction.
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