Hagerman Connection Blog

The Future of Product Development: Why Companies Are Investing in PLM

Written by Hagerman & Company | Jul 24, 2025 7:00:00 PM

Deadlines slipping, repeated work, rising costs—these feel like inevitable parts of product development for many managers. But beyond team performance or resource constraints, these issues often stem from a deeper problem: the systems running behind the scenes. 

It’s not that teams miss product issues because they’re careless. They miss them because the systems in place aren’t built to tackle problems when they actually need attention. When bugs, design gaps, or change requests live in spreadsheets tucked away on SharePoint, it takes constant effort to become aware of what needs fixing. In busy environments, if something doesn’t actively demand attention, it usually gets pushed to the bottom of the list. 

However, if those early issues go unnoticed, they don’t disappear - they usually resurface later, often bigger, more expensive, and harder to resolve. 

That’s why more companies are rethinking their approach and investing in Product Lifecycle Management (PLM). PLM isn’t just another engineering tool—it’s a foundational system that makes critical work visible, connected, and continuously progressing.


In this blog, we’ll explore how PLM helps organizations manage product development at scale and why it’s becoming essential for modern, high-performing operations.

Is Investing in a PLM System a Smart Move for Modern Manufacturing?

PLM offers value at two levels: operational impact and strategic insight. 

Operationally, PLM streamlines everyday work by replacing disjointed systems with unified automated workflows. Instead of spending hours chasing down status updates or manually entering data into multiple tools, teams can access a centralized platform where information flows automatically and accurately. That means fewer meetings, less rework, and more time spent on productive engineering and development tasks.

This efficiency doesn’t just lighten the team’s workload. It also reduces the need for additional headcount, supports faster onboarding through a standardized process, and ensures that projects align consistently even when team members change. 

Strategically, PLM becomes a reliable system of record, providing leadership with real-time visibility into performance, risk, and progress. It helps decision-makers move beyond reactive problem-solving by giving them the insights they need to forecast accurately, spot red flags early, and allocate resources where they’ll have the greatest impact. 

For companies looking to scale, improve margins, or compete more aggressively, PLM becomes more than just a tool–it’s a business advantage. 

Real-Time Visibility Into Projects and Performance

One of the most valuable, and most underrated, benefits of PLM is the access it gives leaders to real-time operational data.

In traditional environments, executives often rely on a patchwork of manual reports, static spreadsheets, and one-off updates to understand what’s happening in their projects. This reactive reporting delays decision-making and puts pressure on teams to compile information rather than solve problems.

“In many companies, executives rely on manual reports to understand what’s happening in their projects. I know of one case where an employee spends 10 hours every week pulling data for a bi-weekly leadership meeting. That’s a quarter of their time spent just preparing to inform decisions.”

 — Forrest Judd, Senior Consulting Engineer at Hagerman & Company

When teams rely on manual updates and siloed systems, visibility becomes limited and outdated. Decision-makers are forced to wait for information—or worse, operate based on incomplete data.

With cloud-based PLM platforms like Autodesk® Fusion Manage, real-time dashboards, automated workflows, and built-in reporting provide always-on visibility. Executives can instantly view:

  • Project status across the portfolio
  • Bottlenecks or at-risk deliverables
  • Approval progress and ownership
  • Impact of changes across linked components

This level of  clarity allows leadership to respond faster, manage risk proactively, and maintain alignment without relying on meetings or individual gatekeepers.

Cost Control Through Fewer Errors and Delays

Mistakes in product development like outdated drawings, missed change requests, or miscommunication can quickly turn into costly delays or rework. In today’s volatile supply chain environment, even small errors can have serious financial consequences. 

PLM helps minimize these risks by centralizing product data and automating change control. Teams always work from the latest information, and updates are clearly tracked and communicated. With fewer errors and more reliable processes, companies can maintain tighter cost control and protect margins while moving faster and with greater confidence.

 

Faster Time to Market and Faster Return on Investment

PLM’s operational efficiencies directly impact how quickly products reach the market. By eliminating redundant tasks, reducing rework, and streamlining collaboration, PLM shortens development cycles and allows teams to spend less time on manual coordination and more time executing. That acceleration leads to earlier revenue generation, faster feedback loops, and a stronger competitive position. It also improves capital efficiency by reducing the time between investment and return.

For executive teams evaluating budget priorities, this creates a compelling business case: PLM not only supports better product outcomes but also drives faster, more measurable financial returns.

Better Compliance and Risk Management

Compliance and risk management are often treated as background concerns, but when something goes wrong (like a failed audit or missing documentation) the consequences can be significant. In regulated industries, inconsistent processes or incomplete records can lead to delays, fines, or even loss of customer trust. These risks are amplified when information is scattered across spreadsheets, email chains, or individual knowledge.

PLM helps mitigate these issues by providing a structured, traceable framework for managing compliance. Product data is centralized and version-controlled. Approvals are documented and time-stamped. Workflows are standardized across teams. This consistency ensures that requirements are met and that every action can be tracked and verified. Whether preparing for an audit or entering a new market, PLM gives teams the tools and visibility to manage compliance proactively and with confidence.

PLM Deserves a Place in Your Long-Term Product Development Strategy

Investing in PLM isn’t just about adding new software—it’s about giving your teams tools that actually support the way they work. When a system makes daily tasks easier, brings clarity to complexity, and reduces frustration, it earns real buy-in. And that’s when the business value becomes clear: better collaboration, faster development cycles, fewer mistakes, and stronger performance across the board.

At Hagerman, we deliver connected PLM solutions built for real-world impact. Our approach focuses on practical, high-value implementations that scale with your business. We don’t believe in one-size-fits-all rollouts. Instead, we begin where you’ll see immediate improvements. For many teams, that starts with change management–replacing spreadsheets and manual processes with structured workflows can deliver fast and measurable results.

By aligning your PLM implementation to specific business goals, we help you focus on the areas that matter most. This ensures your teams aren’t overwhelmed and that your investment is directed where it can deliver the greatest impact. As users grow more confident and begin to see the value, it becomes easy to expand. Many organizations start with a few core processes and gradually evolve to manage the full product lifecycle within a system that remains intuitive and sustainable over time. This targeted and flexible approach offers a faster path to value, stronger control over risk, and better alignment between your technology and your long-term strategy.

Partner with Hagerman today and start building a smarter, more connected approach to product development.