Enterprise Simulation Management Emerges as PLM Strategy

February 9, 2007 // Published as a news service by IHS

According to a white paper titled Enterprise Simulation Management: An Expanded Perspective on Simulation, product performance-related simulation and analysis are key components of an overall PLM strategy.

Yet they have been relatively ignored, and investments in simulation have typically been for development or acquisition of focused technologies to be used by specialists.

However, that situation is changing, said Ed Miller, CIMdata president. Product-related simulation is being transformed into a visible and accessible component of the product development process, across the full product lifecycle and extended enterprises.

Manufacturers worldwide are constantly challenged to improve productivity, lower costs, compress delivery times, and enhance product quality.

To be successful in this environment, companies must be innovative with their products as well as their processes that enable more effective business operations and customer service.

"As companies seek the most effective ways to address these challenges," said Miller, "they need to turn their attention to product performance-related simulation as an area that offers the greatest opportunity for enterprise impact."

Miller said forward-thinking firms are using ESM to create more efficient and innovative product development environments to enhance prosperity. Likewise, technology and service suppliers have launched initiatives to address industry demands.

"Because of the overall value and benefits for the larger enterprise, investments in ESM are anticipated to be one of the highest-priority and fastest-growing areas within the broad field of PLM over the coming years, as leading companies seek to take advantage of it to improve their ability to compete successfully," Miller said.

For a free copy of the white paper, go to http://www.cimdata.com/php/download_reports.php.

Source: CIMdata Inc.