Product Lifecycle Management

In the present competitive environment, business necessities always drive technology solutions. In order to respond to increasing customer demand and active competition, companies are under high pressure to reduce time-to-market by providing customized products to clients for the economy of scope, to reduce time-to-volume by mass production for the economy of scale, and to decrease time-to-profit by improving the competence of the entire lifecycle for the economy of service. So to achieve these requirements, one needs

• to enhance product development
• to accelerate manufacturing and supply capability and capacity
• to improve revenue from lifecycle efficiency.

Challenges faced

The challenges faced by most industrial customers in the recent times in this area are:

• Data redundancy
• Data traceability
• Data management
• Data validation
• Project management being carried out outside the PLM system,
• Integration of PLM tools with CAD tools/3D models
• Collaboration of the various global engineering centers.

How Wipro helps

With the aid of multiple components, we address the important problem areas and troubled points in the organization, and offer a solution by rendering insights using benchmarking and best practices. The integral framework of this solution has the ability to evaluate the as-is process and also offer a vision of the current scenario and in turn recognize the issues and come up with the probable solutions. A 30 percent reduction in the New Product Introduction (NPI) cycle time has been achieved after adhering to this solution which suggested to-be processes based on the best practices.

Apart from this, we are a system integrator of PLM products and also lead customers through selection of PLM solutions. We are proficient in exploring Product Development Life Cycles, implementing Content Management, Product Information Management solutions and installing Enterprise Integration/Middleware Infrastructure.