Aras, a provider of product lifecycle management (PLM) software, has released Aras Flow, an integrated mobile tablet application for Aras Innovator 11.
The global electronics contract manufacturing market is forecast to grow at a CAGR of 5.74 percent from 2012-2016, according to TechNavio analysts. One of the key factors contributing to this market growth is the need for original equipment manufacturers to optimize resources. With the fast-paced product development environment of high-tech electronics manufacturers, creating a closed-loop, traceable collaboration process with their contract manufacturing partners and suppliers is key to product efficiencies, quality, compliance and meeting time-to-market goals.
Arena Solutions' fall 2014 release of its product lifecycle management (PLM) applications includes two new modules, Arena Scribe and Arena DataExtract, as well as enhancements to Arena Quality.
Discrete industry manufacturers' quest to reduce capital expenditure, shorten lead times, and improve productivity is expected to fuel investments in the global product lifecycle management (PLM) market. Growing emphasis on product innovation will also catalyse the adoption of PLM across all tiers of business.