{"id":4481,"date":"2019-02-18T09:48:54","date_gmt":"2019-02-18T08:48:54","guid":{"rendered":"https:\/\/www.specpage.com\/?p=4481"},"modified":"2019-09-17T11:47:09","modified_gmt":"2019-09-17T09:47:09","slug":"plm-delivers-roi","status":"publish","type":"post","link":"https:\/\/www.specpage.com\/plm-delivers-roi\/","title":{"rendered":"PLM software delivers ROI"},"content":{"rendered":"
The simple fact is that every time you scrap or revise a project or process, you lose money.<\/strong><\/p>\n Recreating lost, fragmented or untraceable documents instead of focusing on the development of new products can cost your company thousands of dollars in hard costs – as well as soft costs, like staff time and efficiency.\u00a0 Continually updating product data across multiple BOM spreadsheets is time-consuming and the information is prone to data entry error.<\/p>\n The great news is that all of these issues are avoidable. A comprehensive, secure and transparent data management process solution will eliminate inaccuracies and prevent unnecessary confusion, errors and cost.<\/p>\n Food and beverage producers invest in and employ highly specialized and experienced staff; each team member – particularly in research and development – makes independent decisions that impact your long-term costs for recipe creation, production and marketing.<\/p>\n Human error, spontaneous decision making and staff turnover can result in the loss of previously-developed documents – as well as detailed information and historical knowledge regarding when and why changes were made in the project or process.<\/p>\n Efficiency and the elimination of errors in product data management provides essential leverage against competitors \u2013 the kind of leverage that determines your net profit.<\/p>\n The deployment of SpecPage process solutions has many advantages, including lower project costs and a rapid return of tangible benefits on your initial investment.<\/p>\n SpecPage delivers innovative, intuitive product lifecycle management solutions that optimize your data and harness the power of digital transformation to increase revenue and ROI<\/a> for your business.<\/p>\n This analysis will focus on six challenges that F&B producers face – areas with simple, easily estimated inputs that produce clear outcomes, as an example to illustrate the results of SpecPDM<\/a> implementation.<\/p>\n Based on a variety of comprehensive, reputable, scientific PLM software studies, we have gathered the most commonly identified benefits that require minimal data input. The improvement percentages used in our PLM software ROI calculations are far more conservative that commonly accepted industry practices.<\/p>\n Industry averages indicates: PLM increases staff productivity by up to 25%; for the purpose of our ROI calculation, we will use a 5% increase.<\/p>\n Industry averages indicate: PLM reduces the manual change process by up to 50%; for the purpose of our ROI calculation, we will use a 5% decrease.<\/p>\nAnalysis<\/strong><\/h2>\n
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