What are the unique PLM needs for a small and medium company? 1000-1500 words

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Mechanical Engineering

What are the unique PLM needs for a small and mediumcompany? 1000-1500 words

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Like larger manufacturers small to mediumsize enterprises SMEs are focusing their product strategy on revenue growth in combination with cost reduction to achieve profitable growth Many SMEs are responding to the product innovation challenge by proactively focusing on productrelated processes by planning for PLM product lifecycle management solutions SMEs that are engaged in PLM planning are looking to improve in the following critical areas Control over product data and related project product development and program execution to handle the increased complexity of product data and the growing size and diversity of distributed product development teams Design and project collaboration to include processes and expertise from multiple parties earlier in the design process to optimize designs for manufacturing and sourcing reduce product cost and support See Answer

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