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...
Typically, value can be defined as “the regard that something is held to deserve; the importance, worth, or usefulness of something“. The Institute of Value Management defines value as “the relationship between satisfying needs and expe...
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...
Enabling Outsourcing and Open Innovation with PLM
2015-02-03Innovation, Outsourcing, PLM, IP, Open Innovation
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...
Organizations thrive for robust mechanisms to deliver their business strategies and create more value for their organization. One key difference between successful and unsuccessful executives lies in their ability to execute and delivery...
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