By definition, a project has a defined start and end, clear objectives and scope, and finite budget – which can be managed as part of a portfolio or/and under a program umbrella. Product Life-cycle Management (PLM) projects are not diffe...
The lifeblood of manufacturing companies is the Bill of Materials (BoM). Simply put, a BoM is the list of assemblies, parts and components that make up a system and that are required to manufacture a product. A BoM is usually in a hierar...
The question is: “what will manufacturing processes of the future look like, and what will be their defining features?“ There is an increasing demand for products that match customer expectations precisely and more closely, in a timely a...
The principle of ‘Open Innovation’ as introduced by Chesbrough (2003) has become widely used in a range of industries. It is widely accepted that open innovation is concerned with combining internal and external ideas as well as inte...
PLM (Product Life-cycle Management) is a popular strategy to deliver improved business performance and achieve competitive advantage. In broad terms, PLM is about getting access to the right information needed to support process executio...
The manufacturing industry is facing a number of challenges, from global competition, increasing offshore innovation, cost and regulation pressures, to engineering talent crunch and rapidly changing expectations of the market place. In t...
