If you want to increase your market share and revenue streams whilst still being able to manage new and lofty margins you really ought to go digital. Many of you reading this right now might be saying to yourself; well, yes, I have gone digital. Right here on my mobile. And here on the desktop as well. But be honest, where has that got you so far. It has been the zero sum of your parts, not so? Here then is a brief plm roadmap that you could (or should) be following.
You need to be evolving continuously. You will of course be doing this on the digital scale. The digital thread evolution remains a key strategy towards improved market share, increased revenue and profit margins. One key to ongoing success will be the creation of what has come to be known as a product lifecycle management system. This allows for optimizing and exploiting all or most of the resources now at your disposal.
If the system is not professionally managed (here; think in terms of IT managers and software programmers) each advancement that needs to be made on your roadmap could be hampered or held up. You need professional managers on board to help design and implement a functional and effective PLM workroom. The conversion to what should be known as the digital enterprise from now on can be mastered.
In your business environment, no matter what shots are being called, change management needs to become and remain an integral part of it. Because around the corner, there is always going to be a new digital innovation and you do not wish to be one of those companies that simply falls by the wayside. And if you have not yet gone digital, perhaps you’ve already received your wakeup call.