The lifecycle of every product used by Actec is carefully managed to ensure that a strong product information backbone is in place for all products. This includes any product inception, engineering design, manufacture, installation, maintenance and disposal of products.
The benefits of using product lifecycle management include:
- Reduced time to market (for the items that Actec design and manufacture)
- Improved product quality and reliability
- Reduced development costs
- More accurate and timely quote generation
- Ability to quickly identify potential sales opportunities
- Potential saving through the re-use of original data
- Reduced waste
- Accurate documentation
- Ability to accurately communicate with manufacturers
- Improved forecasting
- Demand fluctuation management
