Communicating product data across an organization has become more complex than ever. Here are 9 reasons it’s time to connect your enterprise systems.
With different departments gathering product data form a variety of systems including Product Lifecycle Management (PLM) Systems, Enterprise Resource Planning (ERP) Systems, Manufacturing Execution Systems (MES), and Quality Management Systems (QMS) and more, how do we know our organizations are making the most out of all the information we’re collecting?
Just think about it for a second. Our systems and departments speak different languages, while a company likely aims for a single goal. This is why it can pay to connect your systems and provide company-wide access to business and product knowledge
With an estimated 90% of the world’s data created in the last two years alone (Conner, n.d.), it’s no wonder that companies have trouble utilizing it all. The IDC estimates that just 0.5% of the data we companies produce is ever used. It’s time to change that.
1. Increased Usability
Data experts believe that if Fortune 1,000 companies increased the amount of data they used by just 10%, they could realize over $65 million in additional net income (Marr, 2015). These numbers are huge. Hopefully, they help you understand why I’m writing this blog and pleading my case.
The truth is – our systems are currently too complex for many roles within our organizations to navigate, find, and transfer the right information. This leaves our separate departments accountable for communicating different product data.
So how do we make our product data more usable? By democratizing our product data from all existing sources into one single system.
2. Better Access to Data
The most important reason your product data shouldn’t (internally) be kept a secret is because product data is your company’s most valuable asset. Not everyone who needs access to specific product information hosted in your PLM system is from your engineering department, so why force them through the same vigorous Product Lifecycle system training?
In order to effectively use data, departments must have ready access to it.
After all, the solution to this problem must make rich product information easy to accessible for a broad set of roles. By creating an organized system that connects all of your product data, your organization’s information is easily assessable to users beyond those who have created it. Just think of the possibilities if you connected your data from multiple systems and delivered it to all departments through individualized, role-based views.
3. Complete Data
Imagine an entire enterprise with access to real data, at the right time, when it’s needed. By connecting your product lifecycle management systems with your other enterprise systems, every stakeholder within your organization can leverage product data from multiple systems. They can make accurate decisions based on the latest, most accurate information from EBoM, MBoM, SBoM, ERP, MRP, and QMS data.
4. Better Insights
Better data + better visibility = better insights. Your teams are demanding more at lightning speeds from your PLM processes and solutions. This is another reason why your organization might consider integration technologies and custom front-end solutions.
An enterprise with insights into how current products and processes can be optimized can drastically improve overall productivity. Providing your team with access to up-to-date, accurate product data will allow your organization to have better insight into areas for continuous improvement.
5. Better Decisions
Ready access to information is especially important to any company involved with product development.
Users without access to information often make assumptions and resort to workarounds. This opens the door to poor decisions and errors, quality problems, and waste. Decisions made from out-of-date, inaccurate data threaten product quality and delay time to market.
By providing everyone in your organization with broad visibility into your organization will drive better, more accurate decisions. This will improve your quality, reduce waste, scrap, rework, and meeting your time-to-market goals. The analytics resulting from connected systems help users across your organization make accurate decisions throughout your entire development process.
6. Better Products
Who doesn’t want to create better products faster? Providing your organization with universal access to data will allow your company to drastically accelerate product development. How so? By connecting disparate systems, you will have access to real-time data allowing you to achieve better product decisions. Because your decisions and actions are now driven by up-to-date information, you will achieve a higher product quality.
7. Increased Productivity
Why waste time manually reading, entering and analyzing data, when it could be automatically collected, filtered, and combined? By linking enterprise systems into one simple interface, any user within your organization can access contextual, up-to-date, real-time product information anytime they need. I guarantee your productivity will grow when your organization is able to plan earlier with manufacturing, order materials sooner with purchasing all while your engineering team is spending less time pulling reports.
8. Increased Collaboration
Using a system that provides role-based access for stakeholders provides every role with the ability to quickly understand the status of a part number, inventory, and the part or assembly’s role in the “big picture.” This will not only help mobilize and inform the work of teams throughout the organization, but it will also help maximize the success of your product development. Giving your team the ability to extend and connect your PLM data into the rest of your enterprise will rapidly increase your overall organization collaboration.
9. Real Results
The ultimate benefit your organization will achieve by connecting your systems comes from your ability to get to real results faster. It makes the “to” in “Quote-to-Cash” just a little bit faster. What does that mean? Data gives your organization confidence to quickly deliver value. Good decisions, accurate manufacturing, knowledgeable service groups, self-sufficient marketing and sales teams. This all adds up to faster time to market, faster time to revenue — real results.
So.. what now? It’s time to connect your enterprise systems.
I know what you’re probably thinking, ‘this sounds great, but it’s not that easy to connect and provide role-based access to enterprise systems.’
And you’re right. It would take a tool that connects all of your enterprise systems, right? I’m glad you’ve stuck it out for the long haul — because this is what I’ve been waiting to tell you. There IS a solution. It’s called ThingWorx Navigate. What is it? It is a single role-based app that you can easily access from your smartphone, tablet, or computer where you can literally see all of your product data in one place — no matter what department you’re from. Mind blown? We knew we needed to get our hands on it the moment we found out this solution that everyone has been looking for — which is why PTC has trusted us to be a valued Solutions Provider for their product ThingWorx Navigate.
Watch our video on how easy it is to use ThingWorx Navigate and how it may change the way your company does business.
