With a rise in technology, the importance of high tech industries has escalated to meet the demand of the world. To make this happen the industries need adequate high tech product management systems that help them overcome different challenges
To ensure that the high tech manufacturing company products are harmless to the population as well as the environment, the industries go through regulations placed by the FDA and government. It is essential for these companies to keep track of the regulations of each product and ensure they are compliant with those regulations too.
Dealing with end consumers requires a good customer service system. The system must ensure that all client queries regarding the product and the whole procedure of repair are as smooth as it can be for the best customer experience.
Increasing advancements in technology have led to shortened product life cycles of the end products. These advancements require that products and their parts are redesigned regularly. Hence, it has become an important factor for the high tech manufacturers to use PLM system, that can keep up with the new changes taking place.
As high tech companies deal directly with the consumers and suppliers, it becomes extremely essential to keep track of all the information about the products and its subparts, along with keeping all parties on board. Such an industry requires different CRM and SCM systems to be integrated with the industry’s system to ensure synchronization among all parties involved.
Design and develop the best possible products while coordinating with your team.
Produce faultless products with the help of regular inspections at every stage of the manufacturing process.
Manage industries business applications such as CRM, SCM, and ERP through one integrated system.
Comply with health & environmental regulations in an easy and systemized manner while keeping your team and the suppliers in the loop throughout.
Synchronize your system’s data for a smooth business workflow between all systems.
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The Oracle PLM Cloud has many modules providing numerous features for the betterment of high-tech manufacturers. Here is the list:
Innovation management helps you manage new and existing ideas with the following functionalities:
The product development module comes with many features that can help your business flourish. The features are as follows:
To learn more about Product Development, click here.
Quality Management has the following functions:
PLM is strategic for high-tech manufacturers because they can design and deliver high-quality products that meet their needs. It helps improve financial performance and operational efficiency with faster time to market, more accessible product tracking, and resource-efficient allocation. It reduces overall production costs by simplifying supply chain processes, thereby providing tangible benefits.