White Paper: PROLIM
Aerospace companies have the constant need to continuously innovate the way they design, create, and produce their products and Product Lifecycle Management gives them the support of one comprehensive platform that allows them to do so.
Those who have embraced Product Lifecycle Management as a part of their development processes have already seen an acceleration of 20% to 50% in the development time, along with the associated cost savings.
This whitepaper provides insights on the main advantages and industry-wide implications of Product Lifecycle Management in the Aerospace arena, which mainly includes:
Improved quality of supply
Reduced design to manufacture time
Improved responsiveness to service and maintenance
The global business models have become more complex as corporations are growing through major acquisitions, and divesting their portfolio, walking away from non-core money losing business activities. The new age companies require Product Lifecycle Management (PLM) solutions that collaborates and manages all of the critical product information and business processes that goes into bringing successful products to market. PROLIM, headquartered in Farmington Hills, MI, aims to help such corporations accomplish their PLM business goals with strong PLM Technology R&D capabilities.
By: NUCLEUS RESEARCH
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What is Business ?
By definition a business is an organization or economic system with consistent and typical exchange of produced goods and offered services for one another or for money to fulfill human needs. Types of businesses, Non-Profit business: This is a type of business with charitable or educational goal rather than earning money from its services.
What is marketing ?
To sell a product, a company follows some marketing techniques and strategies to get themselves identified by the customers in the market. It basically involves some marketing plans in order to ensure that the right-mix of products is reaching the right audience. It starts from the production department to the product manufacture; marketing department focused on promoting, distributing and pricing the product
What is business process management ?
Business process management is a systematic approach to business processes of a company which cover how we think, change, and monitor business processes so they run easily and can be enhanced after some time. BPM (Business Process Management) is a field of management that acts as a systematic approach for making organizations Workflow more effective, more efficient and hence improving the corporate performance by managing business process in the organizations.