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News Release from: Dassault Systemes
Edited by the Manufacturingtalk Editorial
Team on 02 August 2006
SMEs using PLM raise revenue by up to
19%
Small to medium sized companies using PLM hit product launch targets 81-100% of the time and are likely to increase revenue by 19%, while reducing costs, says Aberdeen Group report.
Dassault Systemes, a world leader in 3D and product lifecycle management (PLM) software, has announced findings which show that, faced with the same market dynamics as their larger counterparts - rapid product commoditization, globalization, outsourcing, increasing product complexity - small- and medium-sized enterprises (SMEs) are implementing PLM solutions to cut time and costs from product development, while raising quality and promoting innovation, according to a recently released Aberdeen Group report SMEs companies using PLM solutions have increased revenue 19% while reducing development and production costs by 16 and 17% respectively, according to the report, The PLM for Small to Medium-Sized Manufacturers Benchmark , sponsored by Dassault Systemes
This article was originally published on Manufacturingtalk on 2 Aug 2006 at 8.00am (UK)
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Over the last few years, the report says, new features such as predefined workflows, data configuration templates and industry-specific functionality have enabled SMBs to implement PLM solutions that until recently many believed were out of their reach.
Among other findings, the report reveals that the top performing 25% of SMBs - those most likely to use PLM solutions - hit their product launch target dates between 81 and 100% of the time, while the companies least likely to use PLM solutions hit their product launch targets only 20% of the time.
It predicted steady growth in PLM implementations as more SMEs respond to faster-moving markets by automating existing processes and implementing new ones.
"This report sends a clear message to SME manufacturers, that adopting a PLM solution is a prerequisite of staying competitive.
To this end we have invested significantly to ensure our solutions provide rapid time to value through the use of industry-specific templates with pre-defined workflows that simplify deployment and use," said John Moore, director, Industry and Market Intelligence, Dassault Systemes America.
"Most OEMs today are using PLM solutions from Dassault Systemes.
By adopting tailored versions of our industry leading CATIA and SMARTEAM PLM solutions, SMBs (SMEs) can collaborate directly with their OEM customers for a tighter and more profitable relationship.".
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