BANGALORE: UGS Corp., provider of product lifecycle management (PLM) software and services, announced that it has named Maruti Udyog Ltd., India's largest car manufacturer, the Grand Prize Winner of its Asia Pacific (AP) PLM Excellence Award for 2006. Crompton Greaves Ltd., Pyung Hwa Oil Seal Industry Co., Ltd. and Shanghai Yanfeng Johnson Controls Seating Co., Ltd. are runners-up.
The AP PLM Excellence Award recognizes manufacturers in Asia Pacific that have achieved exceptional business success through the use of PLM software and services. Both Maruti Udyog and the runners-up articulated very clear business benefits which resulted in an extremely tight competition.
Maruti Udyog's entry was chosen for several reasons.
The company demonstrated the benefits of PLM across various functions in the lifecycle of a product, from engineering to manufacturing; the company demonstrated a deep understanding of PLM, showing an evolution of thinking beyond classical engineering approaches to take advantages of PLM tools; the company demonstrated significant, tangible PLM benefits affecting profitability in the capital-intensive automotive industry, inclusive of faster time-to-market, increased global and supplier collaboration, increased local content and product quality and reduced vehicle cost; as a result of fully embracing PLM technology, the company is able to control and manage costs in the early stages of product development, which helps deliver a valued product to customers, said company statement.
“The automotive industry is a highly competitive and costly one, and our PLM strategy offers us a key competitive advantage,” said C.V. Raman, general manager of Engineering, Maruti Udyog Ltd. “Not only were we able to streamline our processes, control costs and decrease time-to-market to meet consumer trends and demands, but the new PLM solution has also enabled us to enhance value to our customers, hence increasing customer loyalty and satisfaction.”
Maruti Udyog, along with runners-up Crompton Greaves, Pyung Hwa Oil Seal Industry and Shanghai Yanfeng Johnson Controls Seating, have been invited to present their success stories at the 2007 PLM World Conference scheduled to be held in California in next year.
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