6 steps to digitalize your value chain
Digital transformation is no longer a new phenomenon — it’s a proven path to innovation. And today’s digital solutions are unlocking new opportunities to meet the rising market demand for smarter, greener products.
Innovation starts here
Digital transformation is no longer a new phenomenon — it’s a proven path to innovation. And today’s digital solutions are unlocking new opportunities to meet the rising market demand for smarter, greener products. While many manufacturers are eager to expand their opportunities, they’re also struggling to understand the best approach to their digitalization efforts. We’ll walk you through the six steps of digitally transforming your value chain to boost innovation and sustainability.
What experts say:
“Digital continuity is vital throughout the entire value chain for optimizing innovation. Of course, underpinning all of this needs to be a strong culture of data governance and stewardship and a recognition that data is the foundation stone for digital continuity.”
Guy Williamson at Capgemini
The six steps of product data to digital transformation
Digital transformation is about making sense of data and connecting the dots. A digital transformation strategy must include a platform — a digital ecosystem — making it possible for those who read data, create data, or simply consume it to collaborate. The most effective way to do so is by creating access to the data sets that are relevant to their expertise. In other words, one ecosystem creates access points for multiple interfaces of various applications.
We’ll walk you through the six steps of digitally transforming your value chain to boost innovation and sustainability.
One step at a time – to get to the future first.
We at PLM Group have put together a six-step hands-on guide. It’s your manual to innovate your manufacturing businesses in a time of change and challenge.
Get the report to learn more about digital solutions.
1. MANAGE REQUIREMENTS
RFQ specifications, regulatory standards, or new market demands and trends — regardless of what’s driving your need for innovation, it starts with the implementation of a new idea. Capture
the customer’s vision by bridging gaps between product requirements, design, and product launch. All of this is achieved by sharing a central repository and common tool to manage requirements.
2. INNOVATIVE DESIGN
As products become more advanced many engineering disciplines might be involved in the product development process. Between teams, a shared product structure definition includes mechanical, electrical, and software disciplines. This structure reduces errors and revisions and maximizes IP reuse — saving time and costs.
3. RESPONSIBLE SOURCING
Standardizing components and reducing suppliers go hand in hand. When procurement departments are engaged in the design phase, they can select preferred suppliers and even items to incorporate into the process. This reduces the risk of duplicates entering the procurement flows and minimizes similar articles.
4. SMART MANUFACTURING
Harnessing smart manufacturing means having a single view of mapped people and assets, overlaid with the availability of any process and step of the production line.
5. EXCELLENT QUALITY
When enforcing methodology and design best practices, you’ll become more productive and efficient. Parts standardization benefits procurement and engineering; you’ll utilize fewer components leading to less testing and verification — Quality Assurance’s best friend.
6. SUPERIOR SERVICE
Innovation isn’t a destination. Feedback nurtures additional innovations and with a feedback gathering tool and a management process, all inputs contribute to the X.0-version of your product and business model.
6 steps to innovation
- Manage requirements
- Innovative design
- Responsible sourcing
- Smart manufacturing
- Excellent quality
- Superior service
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