As EV companies now deal with increased product complexity and compressed timelines, they are looking for a better way to manage and execute their product development processes.
Product lifecycle management (PLM) helps manufacturers and their supply chain partners streamline new product development and introduction (NPDI) and drive continuous improvement. By linking all of the product development, quality, and engineering change activities, PLM provides teams greater control and visibility over the entire product record. In turn, they can work together more efficiently and accelerate product launches.
Reliance on manual processes or point software solutions can create data silos and communication gaps, thus preventing distributed product team members from staying on track with key deliverables.
Enterprise cloud-based PLM solutions address these challenges by providing a single source of truth for internal and external teams to access the latest product information and collaborate in real time from anywhere in the world. Using this approach, teams can better manage design changes, quality issues, regulatory mandates, and other critical processes throughout NPDI.
Making the Switch From Manual, Disconnected Systems to Cloud PLM