Market trends
An end to end approach for an “effective Product Lifecycle Management”
“Increasing the innovation efficiency, shortening the time to market, managing efficiently more and more diversified, customized, complex products and services, improving the profitability of existing systems, setting up a cross-functional compliance, accessing a more and more extended geographical market in order to pre-empt the competition are some of the key challenges for industries and services.
Product lifecycle management is a concept coined 10 years ago to promote the unification of a very large set of software, tools and processes designed to support those challenges. They all need to be assembled, tailored, integrated and implemented in order to perfectly suit the engineering, design, manufacturing, maintenance, disposal and monitoring processes and thus contribute to improving their efficiency.
PLM is seen on the market as a lead growth area for the next 5 years at least with a 9% CAGR worldwide. It is a major issue for the main players on the market while most of them share a significant dissatisfaction: 70% of the investments in PLM do not fulfil the management’s expectations (lack of pure innovation, of technical expertise, cost of implementation/customisation).
Innovation management, system engineering, supply chain management, manufacturing are the historical core business of Altran. Merging this expertise and our outstanding presence on this market with large capabilities in PLM software implementation and customisation allows Altran to address the root causes of this dissatisfaction.
The alchemy of our renown in the PLM market is based on the unique know-how of our experts mixed with a thorough understanding of our clients’ industries as well as our specific processes and practices. All this to provide our clients with a solution tailored to their needs and to their strategic, organisational and operational constraints.”
Sébastien Heuclin, Marketing Manager - Product Lifecycle Management
Return on investment
“The average return on investment in the integration of a PLM platform stands between 28 and 35 months.”
Organisations implementing PLM can expect both top-line and bottom-line benefits that come especially from gains in time-to-market, operational efficiency, production costs, and regulatory compliance.
Benefits commonly observed thanks to PLM in figures:
- Time-to-design: 15 to 70% reduction
- Design specification time : 30 to 90% reduction
- Design errors: 10 to 25% reduction
- Design review process: 50 to 80% reduction
- Engineering change process: 10 to 70% reduction
- Product development costs: 25 to 40% reduction
- Time to find information: 75 to 90% reduction
- Time-to-manufacturing: 10 to 50% reduction
- Part numbers: 20 to 40% reduction
- Standard part price: 5 to 15% reduction
- Revenues from wider product & service range : 5 to 20% increase
- Revenues from extended product life : 5 to 10% increase
- Revenues from new services on existing products: 20 to 40% increase
Source: “ROI of Product Lifecycle Management” by Roy Wildeman - Forrester | June 2009, CIM Data
