Tewksbury, MA, January 29, 2013 - Omnify Software, a leading provider of Product Lifecycle Management (PLM) software for electronic, medical, mechanical, and defense manufacturers, today announces that it has been named as a finalist for the 2012 Golden Mousetrap Awards. Presented by Design News, the Golden Mousetrap awards honor innovation in the development of new products in automation, electronics, materials, and design tools. This annual awards program has been in place since 2003.
"The Golden Mousetrap Awards are a longstanding tradition at Design News," said Jennifer Campbell, Executive Editor, Design News. "Each and every year we look forward to learning about new cutting-edge design ideas for design engineers and we are happy to have companies like Omnify Software contribute their innovative technology."
The Omnify Empower PLM solution ranked high in the area of addressing engineering challenges for small to mid-size manufacturers with a comprehensible and flexible system. At its core the Empower PLM solution is designed to help companies improve their product lifecycle management processes. For engineering, the electronic Bill of Material (BOM) and change management functionality, direct integration with engineering design tools and bi-directional data sharing with manufacturing systems such as ERP, helps engineers access and manage all of the pertinent information they need to more efficiently design their products. Empower PLM engineering users save time searching for information, realize shorter change cycles, reduce re-work, and gain visibility into enhanced information to make better design choices.
"Awards like the Golden Mousetrap not only validate our advancements in PLM technology, they demonstrate our commitment to delivering technology that helps our customers improve their product development processes," stated Jack Rowntree, COO for Omnify Software. "With a well-regarded panel of judges including Design News' editors and the Design News Advisory Board, we are quite honored to be named as a finalist and look forward to the awards ceremony during Pacific Design & Manufacturing and Medical Device and Manufacturing (MD&M) this February."
About Omnify Software
Omnify Software, the leading provider of business-ready Product Lifecycle Management (PLM) solutions, helps OEMs shorten development cycles, accelerate product innovation and improve bottom-line profitability. Omnify's commitment to customer success has resulted in a unique solution that is quick to implement, easy to use, and provides an open integration platform built on the Microsoft .NET Framework. Omnify is well-known for superior customer service, delivering outstanding training, development and support with a team of experienced technology professionals. For more information about Omnify Software Product Lifecycle Management, please call 978-988-3800, email email@example.com, visit www.omnifysoft.com, LinkedIn, Twitter and YouTube; or subscribe to the Omnify Software RSS Feed.
Omnify Software, a leading provider of Product Lifecycle Management (PLM) software for electronic, medical, mechanical, and defense manufacturers, today announces its latest Omnify Empower PLM implementation case study featuring Terrafugia.
The Transition® Roadable Aircraft from Terrafugia addresses head-on the issues private and sport pilots face: cost, weather sensitivity, high overall door-to-door travel time and a lack of mobility at destination. Its unique design allows the Transition® to fold its wings and drive on any surface road with a modern personal airplane platform. Once at the airport, the wings extend and the aircraft is ready for take-off.
The Transition® will be compliant with the FAA’s Light Sport Aircraft (LSA) standards. All manufacturers of LSA are required to maintain complete production documentation, including parts lists/Bill of Materials (BOMs). When new revisions of the standards become accepted by the FAA, old production vehicles still need to demonstrate line item compliance to the standards in effect when they were shipped. Initially, Terrafugia was managing their product information in a paper-based manner with automotive and aviation specifications contained in large manuals and BOMs tracked in Excel spreadsheets without any association to each other. The company needed to track this detailed and dynamic data in a more controlled and efficient manner to ensure adherence to the LSA requirements.
“We consider it a best practice to have a digital BOM under change control. A product lifecycle management tool was therefore a very natural need for us,” stated Douglas Quattrochi, Vice President of Operations for Terrafugia. “As a small company with very limited resources, we needed to make sure that the PLM solution we purchased was intuitive, immediately configurable to our needs, and an excellent value. We found all of this with Omnify Empower PLM.”
All Terrafugia vehicles are custom ordered consequently each build is a variant of a Parent BOM. A system to support efficient product information management was a necessity. The robust BOM and revision management capabilities of Empower PLM allow Terrafugia to electronically track old and new production vehicle information in a central location and with associations. Additionally, Terrafugia uses the BOM Attribute feature of Empower PLM to track the weight of each part to determine the weight of the entire vehicle/aircraft which is a critical aspect of aircraft development. This information provides greater insight to the BOM and better design control.
“Terrafugia is a classic example of the daunting challenges our customers can face with managing complex product data and adhering to stringent regulations such as the FAA,” stated Dave Solimini, Vice President of Sales for Omnify Software.“ “We aim to alleviate those challenges by providing a comprehensive system that electronically manages detailed part, BOM, and engineering change information along with associated documentation and processes.”
Terrafugia works with Omnify Software Authorized Reseller, CADD Edge, for ongoing Empower PLM software sales and support.
Download the Terrafugia - Omnify Case Study and read the success story
About Omnify Software
Omnify Software, the leading provider of business-ready Product Lifecycle Management (PLM) solutions, helps OEMs shorten development cycles, accelerate product innovation and improve bottom-line profitability. Omnify's commitment to customer success has resulted in a unique solution that is quick to implement, easy to use, and provides an open integration platform built on the Microsoft .NET Framework. Omnify is well-known for superior customer service, delivering outstanding training, development and support with a team of experienced technology professionals. For more information about Omnify Software Product Lifecycle Management, please call 978-988-3800, email firstname.lastname@example.org or visit www.omnifysoft.com, LinkedIn, Twitter and YouTube; or subscribe to the Omnify Software RSS Feed.
"Omnify" is a registered trademark of Omnify Software. Any trade, product or service name referenced in this document using the name "Omnify" is a trademark and/or property of Omnify Software. All other trade, product, or service names referenced in this release may be trademarks or registered trademarks of their respective holders.”
The product lifecycle management (PLM) software industry reported substantial increases in 2012, while the technology's expansion into new markets drove much of that growth, according to a recent report by ARC Advisory Group.
"Clearly, the market leaders in PLM, as well as many of the smaller suppliers, are focusing well beyond their historical industry strengths and into the process and hybrid industries," said G. Ganapathiraman, country manager of ARC Advisory Group India.
The study found that PLM suppliers began to bounce back in 2010. That rebound continued in 2011, when the Asian market alone accounted for $2.2 billion in investments. At the same time, the report revealed that around 40 percent of PLM spending went toward new software services like implementation, maintenance and consulting.
In addition, while traditional industries like the automotive, aerospace and defense fields continue to adopt PLM software, different types of organizations have begun investing in the technology. Medical agencies and dentists, for instance, are purchasing PLM solutions more regularly, as are architecture, construction and manufacturing firms. Even retailers have made a mark on the sector.
An earlier report by TechNavio projected that the worldwide mainstream PLM market will achieve a 9.5 percent compound annual growth rate from 2011 to 2015. The study revealed that cloud-based PLM, which has made the technology available to a wider range of companies, has spurred much of this growth.
Dassault Systemes one of PLM leaders
According to the TechNavio report, Dassault Systemes is expected to be among the top PLM suppliers. Dassault recently announced it had sold its two-millionth SolidWorks software license.
"In three short years, the SolidWorks community has doubled in size, growing from one million to two million users," said Bertrand Sicot, CEO of SolidWorks at Dassault Systemes. "As custodians of the community, we're passionate about helping our customers create, innovate and design the best products possible."
Dassault Systemes has more than 150,000 clients throughout more than 140 countries.
SolidWorks World 2013 kicked off on January 20, and the four-day event promises to touch on a variety of topics relating to 3D technology.
Dassault Systemes, one of the top 3D design software and product lifecycle management vendors, will have several of the company's prominent members in attendance. Among the major topics of discussion will include how innovative technologies have impacted the aerospace, robotics and education sectors.
"Human beings have an inherent, natural desire to innovate and discover solutions to overcome the world's major challenges," said Bertrand Sicot, CEO of SolidWorks for Dassault Systemes. "The SolidWorks World keynote speakers have pushed the limits of design and their life experiences will push our community to positively impact future generations through revolutionary products."
More than 4,500 engineers and design professionals are expected to attend SolidWorks World 2013. The final day of the event, January 23, will highlight what the future is expected to look like with regard to design software tools.
In addition, SolidWorks and Edgecam plan to reveal the the companies' new automation system. Domenic Lanzillotta, channel manager of the Americas at Edgecam, said that the technology optimizes machining processes by running "the entire sequence from a single click" and producing consistent results.
Product lifecycle management (PLM) software can provide an array of benefits to companies, including for organizations that have branches that extend across countries, continents or the globe.
In a recent interview with AZoM, Gary Thomas, vice president and general manager of a PLM software company, highlighted many of the technology's advantages. He said that PLM solutions combine multiple systems, and the data produced by these products allows employees "to receive the right kind of information" in a timely manner.
"The main advantages of PLM software are it allows enterprises to make smarter decisions at each point of the product lifecycle," Thomas told the source. "Additionally, PLM solutions set up a unified platform to improve the value of product portfolio, to enhance relationships across companies, and to establish a single system to support different data requirements."
Through PLM technologies, companies can develop the most efficient, cost-effective business strategies, thereby reducing substantial amounts of waste. Thomas suggested that this will be extremely helpful for companies with international locations by allowing them to "work as a single group to design, develop and support products and to retain best practices."
While cost savings and waste reduction can help organizations in any industry, it could be especially beneficial for architecture, construction and manufacturing (AEC) firms. According to Monica Menghini, executive vice president of industry and marketing at Dassault Systemes, approximately a quarter of construction costs are "nothing but waste."
Meanwhile, a recent study by TechNavio indicated that organizations have already caught onto the benefits of PLM tools. The report predicted that the worldwide PLM market will achieve a 9.7 percent compound annual growth rate from 2011 to 2015, driven largely by cloud-based products and the need for innovative technology.
Dassault Systemes is projected to be one of the top PLM providers, according to the study.
Product lifecycle management (PLM) tools are rapidly gaining popularity, according to research by TechNavio, which projected the PLM market to achieve a 9.7 percent compound annual growth rate between 2011 and 2015.
The study found that in particular, cloud-based PLM applications are expected to drive much the sector's growth in the coming years, while Dassault Systemes was projected to be one of the top vendors.
In an interview with The Economic Times, Anand Deshpande, CEO and managing director of Persistent Systems, said his company recently partnered with Dassault.
"We have had a focus on areas such as collaboration and analytics, cloud computing and mobility," Deshpande told the news source. "This gives us access to a new set of customers who have a need in these areas that we are working on. PLM is essentially a collaboration area."
Deshpande said Persistent Systems acquired NovaQuest, a value added reseller for Dassault based in North Carolina, because of "their PM and other products that they have in this market." He said that while his company already invests heavily in cloud computing products, he expects the cloud to play an even larger role moving forward.
Dassault Systemes America recently announced its plan to partner with Persistent Systems in an effort to boost its market for product lifecycle management (PLM).
Persistent Systems will acquire assets from NovaQuest, a Dassault Systemes PLM value added reseller. The IT solutions company produces software for a variety of industries, including automotive, aerospace, government and business.
Recently, Dassault Systemes launched a new project called "Product Innovation Factory," which aims to enhance PLM capabilities for companies in the financial sector. The innovative technology will use similar methods as the company's aerospace, consumer, retail and life sciences software.
"With the rigor of an explicit, repeatable and fully traceable product creation process, 'Product Innovation Factory' establishes the foundation needed to provide speed and agility to deliver new financial products and drive market profitability," said Monica Menghini, executive vice president of industry and marketing at Dassault Systemes.
These PLM programs will provide a centralized database that will organize information from a variety of platforms, such as spreadsheets, documents and in-house controls. Dassault Systemes predicted that for financial firms, this could provide a 20 to 30 percent increase in efficiency and a faster return on investment.
Product lifecycle management (PLM) is the process of managing the entirety of a product's life span, for conception, design, manufacture and marketing, ensuring that developers stay organized throughout the complex process. PLM is making its way into various industries, as it becomes integrated with systems within companies.
According to "Investing for Sustained Success," Apparel's annual PLM report, the use of PLM has increased significantly over the past six years. It's now being integrated with other systems, making opportunities available through improved connectivity. The report showed that PLM is consistently being integrated with ERP systems, sourcing systems, event management systems, business intelligence systems and merchandise management systems.
The news source reported that PLM is reaching all areas of design-to-delivery processes, going beyond the design and product development it was traditionally used for.
PLM is bursting into the manufacturing and technology industries. According to Manufacturing Digital, PLM is affecting the manufacturing sector and the world of industrial intelligence. Not only that, but manufacturers expect that 3D printing will bring products to market much faster.
Manufacturing Business Technology Magazine reported that a large technology company recently acquired a company to help with PLM provisions.
"The management decision making is enhanced through transparent and fact based consistent data capture, project history as well as key economic data. This customer benefit will considerably grow within the PLM environment of [our company]" said Andreas Tsetinis, according to Manufacturing Business Technology Magazine.
There are implications for PLM within the textile and apparel industry as well, according to Fibre 2 Fashion. A technology company will present how PLM can benefit the industry at FICCI's conference "TAG 2012" in Mumbai, India.
Electric design automation (EDA) tools such as product lifecycle management (PLM) software can increase efficiency in a number of sectors, including defense and aerospace.
Such software is needed to trace problems back to their beginnings. With so much software being used in these fields, it's essential to have efficient problem solving programs, according to Avionics Intelligence. It used to be that electronics were developed slowly, maybe even over decades, but today new electronics and applications are created at much faster rates.
One of the issues in the aerospace and military industries is changing requirements, making the right software even more important. "All of our customers in aerospace and defense have a renewed interest in requirement-based testing," said Chris Murray, vice president of business development at a major technology company, according to Avionics Intelligence. "Requirements change over time, you need to have a way to change the requirements over time and understand the impact."
Boeing and Daussault Systems continued their 25-year partnership by signing a new a five year contract on September 11, according to Reuters. Boeing is a widely-known aircraft manufacturer and a leading aerospace company,providing NASA with services and support for the International Space Station, according to Reuters. The company relies on Dassault Systems, a 3D experience company, for a significant portion of its software, including PLM solutions.
"Dassault Systèmes continues to evolve and mature their solution portfolio to more completely address our needs across the entire product value stream," said Boeing vice president of IT product systems, Nancy Bailey, according to Reuters. Bernard Charles, CEO of Dassault Systemes, stated that both companies are committed to providing the best possible experience to customers.
EDA tools are particularly useful in industries like military and aerospace that require the engineering of electronics
The breadth and depth of product lifecycle management (PLM) use among Indian organizations is likely to expand in the near future, Express Computer recently reported.
According to the news provider, PLM adoption rates vary greatly among Indian businesses. Those in the automotive, heavy engineering and industrial machinery sectors make the most use of the technology, followed by aerospace and defense organizations. Consumer packaged goods and pharmaceutical firms have relatively low adoption rates, but usage is likely to increase, the news source noted.
"PLM is evolving as an enterprise application and it is enabling CXOs to make smarter decisions and companies to design and make better products," Vivek Marwaha, director of marketing at Siemens, told the news source.
Express Computer noted that there are a number of reasons why PLM is gaining prominence among Indian businesses. Most notably, companies are increasingly focusing on product innovation and efforts to reduce both costs of production and carbon footprints.
Globally, the PLM market is showing signs of recovery and expansion following a contraction period caused by the worldwide economic slowdown. Control Engineering Asia recently reported that the latest ARC Advisory Group study found as companies are beginning to loosen their belts and invest in improving operations again, PLM software manufacturers are seeing an uptick in orders.
Additionally, the report found a number of sectors that had previously demonstrated little interest in PLM are now starting to spend significantly for this technology. Companies in the fields of medical device manufacturing, retail, ship building, energy generation and consumer goods are all beginning to find ways of leveraging PLM to improve their efficiency and product and service offerings, the news source noted.