Best-in-Class Manufacturers Leverage Product Lifecycle Management (PLM) Technology for Configuration Management (CM) According to New Aberdeen Report
Market Wire, March, 2007
Omnify Software, a leading provider of product lifecycle management (PLM) software for electronic, medical, mechanical, and defense manufacturers, today announces the availability of a new study from Aberdeen Group, "The Configuration Management Benchmark Report: Formalizing and Extending CM to Drive Quality." This new report highlights the fact that best-in-class manufacturers using technology, such as Omnify Software, to centralize their product data and automate their CM processes are twice as likely to meet their product quality targets, 125% more likely to meet their product launch dates, and almost three times more likely to achieve their product lifecycle cost targets.
The report identifies that manufacturers are challenged with ongoing engineering changes and keeping Bill of Materials (BOMs) accurate and synchronized across design and manufacturing. Issues in Configuration Management can have a negative impact on manufacturers by delaying product launches, hindering product quality and increasing overall product development costs.
Leading manufacturers are expanding CM beyond BOMs to upstream and downstream stages in the product lifecycle and to more product-related information such as product documentation, electronic design, and specifications. PLM solutions like Omnify support this by providing a single environment to track and manage component data, BOMs, product documentation, engineering changes and revisions, as well as compliance data. Leveraging this technology helps manufacturers to streamline communication of product data across the enterprise and eliminate inaccuracies due to manual change processes, separate silos of product information, and disparate design and manufacturing teams.
"Based on our research, best-in-class companies are twice as likely as other companies to leverage centralized product data to improve control of product configurations," stated Jim Brown, Vice President and Service Director, Global Product Innovation and Engineering for the Aberdeen Group. "PLM technology provides a foundation for accurate, readily accessible product data for design and manufacturing."
"The study findings confirm what we are seeing in the marketplace," said Chuck Cimalore, CTO for Omnify Software. "Manufacturers are acutely aware that establishing Configuration Management policies is a critical part of meeting product development goals. By providing an environment for structured change management and centralized product data, our technology facilitates CM practices for customers who continue to report reduced development time and costs as a result of Omnify."
The report, entitled "The Configuration Management Benchmark Report: Formalizing and Extending CM to Drive Quality," is available for download here .
About Omnify Software
Omnify Software, a leading provider of business-ready Product Lifecycle Management (PLM) solutions, helps OEMs streamline development cycles, accelerate product innovation and improve bottom-line profitability. Omnify's commitment to customer success has resulted in a solution that is easy to use, quick to implement and provides an open integration platform. Omnify prides itself on superior customer service, delivering outstanding training, development and support with a team of experienced technology professionals. Omnify is acknowledged as an industry leader, winning such honors as START-IT Magazine's Hottest Companies for two consecutive years, as well as the magazine's 2005 Technology and Business Vision award. For additional product information, including pricing, please call 978-988-3800, email info@omnifysoft.com or visit www.omnifysoft.com .
"Omnify" is a registered trademark of Omnify Software. Any trade, product or service name referenced in this document using the name "Omnify" is a trademark and/or property of Omnify Software. All other trade, product, or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Media Contact: Alaine Portnoy Omnify Software Email Contact 978-988-3800 Valerie Harding Ripple Effect Communications Email Contact 617.536.8887
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