TATA Technologies: Building Competitive Advantage with Effective Implementation & Use of Product Lifecycle Management

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TATA Technologies: Building Competitive Advantage with Effective Implementation & Use of Product Lifecycle Management

Arguably, Product Lifecycle Management (PLM) in India is at its infancy. Most organizations are unaware of the fact that PLM is absolutely crucial to building competitive advantage and needs to become an organizational imperative. Instead of having conversations with manufacturing companies on process re-engineering and NPI (New Product Introduction), PLM vendors end up spending inordinate amount of time trying to convince customers that PLM is crucial for them. Because IT solutions like MES (Manufacturing Execution System) and ERP have proliferated the market place, very often IT professionals make the mistaken assumption that these tools and technologies can provide PLM functionality. This could not be further from the truth. There are significant synergies between PLM and these...