Product lifecycle management and master data management
Align corporate strategy and processes for success in our digital world.
Businesses often have difficulties achieving end-to-end transparency and forward and backward traceability along the entire digital product lifecycle. They typically face technical and organizational challenges and must change processes as well. Additionally, they face cost pressures due to increasing product individualization and complexity, a shortened time-to-market and innovation cycle, while they must also meet the different needs and market regulations of their global customers.
With our 360° Product Lifecyle Management (PLM) approach, we leverage digital transformation and process automation along the entire value chain. We cover all relevant PLM methods, processes, and systems solutions and can integrate PLM holistically into upstream and downstream processes and IT systems:
Product lifecycle management is more than the simple product creation process (PEP): it also goes beyond traditional boundaries. It supports businesses in the integration of sales and marketing and cross-system master data concepts up to the manufacturing, service, and maintenance of your products in PLM, ERP, MES, and MRO systems. PLM is the catalyst for the Internet of Things, Industry 4.0, and Digital Twins. PLM creates transparency, traceability, and the ability to convert product-describing data and further insights into data-driven actions and decisions.
Robust master data management inputs, validations, and rhythms are generally essential in underpinning accuracy throughout an organization – the BearingPoint approach identifies and quantifies opportunities within: