This paper highlights some of the key problems that the Aerospace industry faces in managing part information. It proposes a solution framework to address those problems.
.. The paper also suggests how the proposed solution can be enabled thorough technologies like Product Lifecycle Management (PLM).
High-technology companies are facing mounting pressure on basic R&D and product development operations, due to increasing consumer demand for innovative, feature-rich products accompanied by shrinking product lifecycles and declining
... price points. Globalization of product development is the inevitable next stage to enhance the competitiveness of high-technology companies in the Flat World.
High-technology companies achieve success not only when they bring their products to the market quickly, but also when they create and develop, at the right time, products that are well aligned with customer needs.
The Integrated Product Management (IPM) approach must address more than functional improvements in the design phase. It must integrate applications, processes and people across functions and throughout the product lifecycle.