PLM today has matured, evolved,and gone beyond engineering and manufacturing. Enterprises in order to go global,invest on PLM as a key to achieve efficiency and reduce product development time without distressing their finances. Helping Enterprises extract the true value of PLM, L&T Technology Services, a niche global company in the Engineering R&D space recommends their clients to its ‘PLM Business benefit realization framework’in order to align the PLM system close to their NPI business processes for a predictable ROI. Being a well-known name in the Engineering realm, the company’s proven mettle resides in its in-depth understanding of newproduct development processes along with consultative approach to define and build integrated PLM solution, which has been churned out from a proven, stringent error & trial method. L&T has the right mix of seasoned and certified PLM Consultants on board who engage with clients effectively from various verticals through its homegrown PLM offerings. “Our solutions have made us self-reliant. We can instill our in-house PLM expertise to develop and deploy myriad of diverse PLM products and services across various segments,” says Atul Tiwari, Global Horizontal Head- PLM at L&T Technology Services.

Driving from L&T’s new tagline "Its all about imagineering" which reflects its aspirations, values and ideals to bring Innovation in Engineering, L&T Technology Services has combined its expertise in PLM with parent L&T’s rich industrial and manufacturing legacy to accelerate and streamline product development processes with proven industrialized solution delivery.

Believing the fact that PLM is not just about implementation, the company goes an extra mile and carries out in-depth study & analysis of clients’ PLM requirements before formulating a strategy for them. To avoid gaps in comprehending requirements and for better project communications, L&T Technology Services conducts workshops on PLM at its client’s locations, thus helping clients to embrace PLM technology effectively.

Due to merger and acquisitions, various companies function under one organization and they follow different processes making the overall environment complex and less productive. L&T Technology Services recommends customers to standardize these processes through its PLM consulting services. Further, the company assists clients to create well-organized future roadmaps by selecting the right PLM platform via ‘Äs-Is’ & ‘To-Be’ processes analysis. If the requirements of customers are complex, L&T Technology Services team prefers to take up a phased approach towards PLM. Phase-I will encompass common PLM requirements enabling low hanging fruits followed by others phases that adds more functionalities and enterprise integration of the PLM funcitons. “We recommend various flavours of PLM solutions, from light weight to heavy, depending upon the complexities of business requirements. Lighter flavour of PLM solutions can be deployed in 6-8 weeks especially for SMB Segment” explains Atul.

L&T Technology Services’s Managed Services offering for the support & Sustenance of PLM is another area, where L&T Technology Services takes control over the client PLM eco-systems and run them with agreed SLAs. Over a period of time, it has developed various tools/ framework to ensure flawless services to clients with value add-enhancements to the system resulting into overall productivity improvement.

The global PLM market is expected to reach a value of US$ 75.87 Bn by 2022. The market is estimated to grow at a CAGR of 8.1% during the forecast period from 2015 to 2022. This staggering statistics highlights the rising demand for product innovation, productivity enhancement, and reduction in operational costs as well as increasing deployment of PLM solutions. Responding to these forecasts, L&T Technology Services has started to adopt strategies to reinforce its existing PLM services. Additionally, it has a dedicated PLM Practice and Centre of Excellence which focuses on solution-driven approach towards customer problems. Today the company extends itself to the space where its PLM services are not only sold but also relentlessly monitored to give complete satisfaction to its clients.

Panel: L& T Technology Services PLM Offerings
PLM Consulting Services
PLM Solution Implementation services
PLM Managed Services/Support & Sustenance
PLM Value Adds – Application & Data Migration, Upgrade, Enhancements
Digital Engineering – EAD, KBE