ROI for PLM

Unlock the secrets to measuring ROI for PLM! In this episode of Steep Craft Tuesday, Chuck Nyberg and Lars Peder Hanson dive deep into the complexities of calculating return on investment (ROI) for Product Lifecycle Management (PLM) systems. Discover how to balance PLM's tangible and intangible benefits and avoid the common pitfalls many businesses face. From cost savings and compliance to enhanced collaboration and faster time-to-market, this video covers the key factors that determine PLM success. Learn how to quantify direct and indirect benefits, identify essential metrics, and measure the long-term impact of PLM implementation. Whether you’re a PLM beginner or an experienced professional, this discussion will give you valuable insights on optimizing your company's investment. Chapters: 0:00 - Introduction 0:47 - Topic Overview: Capturing ROI from PLM 1:40 - Why ROI for PLM is Complex 2:33 - Key Factors in Calculating ROI 4:09 - Cost Savings and Productivity Gains 5:28 - Compliance, Risk, and Market Responsiveness 7:04 - Timeframes for Measuring ROI 8:16 - Quantifying Benefits for PLM ROI 9:32 - The Importance of Measuring Before and After PLM 10:52 - Measuring Collaboration and Workflow Efficiency 12:25 - Quality Improvements and Compliance Standards 13:54 - The Critical Baseline: Why It's Essential 14:28 - Aligning Metrics with Business Objectives 15:10 - Measuring Direct vs Indirect Benefits 17:09 - PLM as a Strategic Advantage 19:01 - Collaboration as a PLM Strength 21:10 - Conclusion: The Complexity of PLM ROI Tune in for expert advice on making the most of your PLM investment! You can drop your query at [email protected]