Boost collaboration with an Integrated SaaS PLM Solution

Component manufacturers face significant challenges in a volatile market. Recent years have taken us through recessions and a global pandemic, all of which have impacted supply chains. Such unpredictability means that companies must adapt to a new reality. It seems clear that supply chain disruption is here to stay. However, many Small and Medium Businesses (SMBs) lack visibility and are unable to see these disruptions coming in advance. They can only react when problems arise, leaving them on the defensive. The material shortages that result from such disruptions often mean that companies cannot keep up with demand or manage to pivot production to deal with customer changes in real time.

Furthermore, new competitors, in particular web-based manufacturing companies, and large enterprises are taking advantage of digital technology to offer customers rapid prototypes and on-demand production parts. This allows them to collaborate to get things built faster, better, and cheaper and leaves small component manufacturers at risk of losing market share.

Finally, of particular concern for SMBs is a highly competitive labor market. Today’s employees have higher expectations of remote work and access to advanced technologies. To accommodate these requests, and continue to compete for top talent, companies must find new solutions to ensure their teams can collaborate wherever they are, with only limited IT support.

Without fast and flexible processes in an increasingly unstable market, material shortages, and disruptions may jeopardize the future of your business. Do you have the technology you need to connect your teams and tools and offer a new level of collaboration with your customers?

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