Best Practice Report

Transform Product Lifecycle Management For Future Fit Manufacturing

Make PLM Your Distinctive Competence

June 30th, 2023
George Lawrie, Vice President, Principal Analyst
George Lawrie Vice President, Principal Analyst
With contributors:
Pascal Matzke , Christian Prandi , Rachel Birrell

Summary

Nearly half of global software decision-makers with a primary PLM vendor plan to replace their product. Why? Massive changes in markets, regulations, and technology drive the need to develop distinctive competence in customer-obsessed innovation, embracing the practices, partnerships, and platforms that distinguish an enterprise from its competitors. Following “The Forrester Wave™: Product Lifecycle Management For Discrete Manufacturers, Q1 2023,” clients asked about the practices that complement PLM platforms and speed the successful development, launch, in-life service, and retirement of assets and products. Read this report to learn how to build distinctive competence in product innovation.

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Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.