Oxford, England. September 11, 2013

 

The PLM Interest Group announces the publication of the third instalment of the PLM Manager's Handbook, covering Financial Systems Appreciation.

 

This instalment is designed to give PLM Managers, faced with the problems of justifying the financial benefits of PLM, a working understanding of how the Finance Department operates.

 

The PLMIG launched its PLM Financial Framework initiative at the start of the year, leading to recent workshops in Manchester, UK and Toulouse, France.  The workshops showed the need for the PLM Team and the Finance Department to work together if the full benefits of PLM are to be measured, and the Handbook has been developed from the workshop material.

 

The Handbook is laid out in an easy-to-follow format, explaining the fundamental method by which all financial accounts are produced.  It shows how the Daybook entries of ongoing financial transactions build into the eventual Annual Report, via the General Ledger, Profit & Loss Account and the Balance Sheet.  It enables the PLM Manager to understand the Finance Department viewpoint, and to make informed proposals for developing better financial control of PLM.

 

The Handbook is now published as the Q1 2013 issue of the PLM Journal, and is part of the 2013 PLMIG Membership material.

 

More information is available on the PLMIG web site , or via Email Contact.

 

The PLM Interest Group
The PLM Interest Group is the leading neutral industry group for PLM. It has developed the first ever PLM Governance Standard, together with a new generation of applied PLM material including the PLM Best Practice Library and the Path to PLM. Previously PLMIG workshop series have produced the PLM Benchmarking Handbook; the PLM Maturity Reference Manual; and the PLMuERP Handbook.

For more information, please contact:
Roger Tempest
PLMIG

Email Contact