Chris Groves, Centric’s own CEO, is a featured guest author in Corp! magazine. His article, “When Times are Tough, the Tough…Invest in Smart Technology,” appears in the publication’s Digital/Technology section.
Chris discusses how smart companies that invest in the right kind of technology will gain a huge competitive edge as the economy begins its recovery. Experts widely agree that product lifecycle management (PLM) technology, in particular, is one of those technologies.
The article details why cost-cutting doesn’t produce ROI, citing a McKinsey report that determined the impact of IT cost cuts on earnings. While the effect of any cut is 0.5 times that amount over a 6-18 month period, investing that same amount in technology to streamline and optimize supply chain processes impacts earnings three to five times the invested amount over the same time.
Chris’ feature goes on to itemize the results – and timeframes for those results – companies should expect when implementing PLM, and examining PLM process and functionality for fast-moving consumer goods industries involved in product design and development.
Corp! magazine provides original business feature content to business owners and top-level executives through print and online publications.
Tags: Best Practices, Centric, consumer goods, Events, PLM, ROI
