PLM FOR THE MARINE & OFFSHORE INDUSTRY
What can PLM do for the Marine & Offshore Industry?
Enhance Global Collaboration
Reduce Delivery Time
The industry is facing major challenges delivering projects and solutions on time and on budget. Based on the extremely profitable oil business, the project cost overrun has somewhat been covered in the total ROI. With reduced oil prices a number of projects are unprofitable, business is slowing down and companies are downsizing. So, what should we do? Innovate!
New solutions new products Innovate the way we work; i.e. change the way we work. Learn from other industries that have been fighting with tough competition and low margins for decades, like the automotive, aerospace, and mass production industries.
These ventures have been concentrating on normalization, reuse of data and parts, automation and they have deliberately utilized IT tools to facilitate innovation. They have been able to utilize the fact that all information today is digital. The solution is named Product Lifecycle Management (PLM) and is, in fact, a collaboration platform enabling all involved partners to work jointly on the same information, wherever they are in the world.
PLM for Marine & Offshore
Both shipbuilding and offshore engineering companies have invested heavily in computer-aided tools and IT to efficiently perform operations, planning and manufacturing. Every discipline has special tools to create drawings, 3D-models, simulations, process charts, project plans, documents etc. Numerous databases are established to store all information and data generated, from start to end.
Moreover, the next generation PLM solutions have completely integrated engineering applications covering disciplines like 3D design, simulation, process design, electrical schematics and 3D cabling, manufacturing planning and preparation, project management, and change management in one harmonized collaboration platform.