In addition, the company has achieved substantial cost savings, running at a return rate of approximately 2.5 times their investment over the first five years, with a projected ROI rate of 6.25 thereafter, said Omnify Software.
Omnify Software has said that Crystal needed a product lifecycle management (PLM) system to centralize and manage all of their in-depth product information such as part data, bill of materials, product documentation, supply chain information, and engineering changes, as well as streamline design and manufacturing processes. After assessing PLM vendors, Crystal selected the Omnify PLM solution because of its ability to address all of their requirements at a much more reasonable cost, easily integrate with their existing design and manufacturing systems, and the willingness of the Omnify team to support their needs.
Fred Garderes, director of supply chain management at Crystal Technology, said: We are very satisfied with the results of our Omnify implementation. We have been able to reduce our ECO cycle by 16%, from 12 to 9 days, and this is trending towards even further reduction. We have also estimated significant cost savings of about $250,000 over a five-year period due to the enhancements made to our product development processes.
