Quantifying
the Un-Quantifiable |
|
In a recent meeting
with a customer, a colleague and I were asked to help create a business
case for implementing a product data management (PDM) solution for an
engineering department. Of course there exist a number of return on
investment (ROI) methods that can be utilized to measure the success or
failure of a new tool using valid metrics such as reduced scrap and time
to market. However, this organization was looking beyond just ROI
arguments, they desired a way to visually communicate why it made sense
to move toward a PDM tool to non-technical upper management. After some
head-scratching, we came to the conclusion that measuring the value of
such a tool, outside of conventional ROI methods, was difficult. So why would a
manufacturing company want to invest significant resources, financially
and otherwise, in a PDM solution? We hashed through this some more
during our meeting and distilled a reason that is both logical and
emotional. Where does a large portion of the value lie in an
organization that builds and manufactures product? In the product
knowledge, or DNA, of that organization and the supporting engineering
data, of course. In the case of this company, and many others, this
information and expertise was locked up in the heads of many different
people. At any given time, these personnel could be off-site, on
vacation, sick or otherwise inaccessible, or have left the organization
forever with these precious company assets. What happens to the rest of
the engineering department, and the company as a whole, if this
information is no longer retrievable? On even a very simple scale, if
someone is in the midst of a key project that another team member needs
access to, what if that person cannot be contacted? What is the additive
factor of these small but numerous delays to the total design cycle? By the end of this meeting the conclusion was drawn as to a way to clearly communicate the value of controlling your engineering data: a dramatic reduction in the risk of losing a major corporate asset—your product DNA. |