PLM for cloud is changing the product development process and having a fundamental impact on the way a business operates. In this final podcast of our Teamcenter X solution, Mary McDonald, Global Industry Marketing Leader for small and medium business at Siemens Digital Industries Software, and Tim Yerby, Solution Director for Industrial Machinery at Siemens Digital Industries Software, discuss some of the challenges companies face when doing product development, design, and innovation, implementing a digital environment and new technology. Companies are realizing they have limited resources, so what are the challenges and advantages of PLM for component manufacturers relevant to smaller manufacturers? This final episode provides key points of what PLM for Component Manufacturers provides: Manage CAD and PLM systems in small to medium-sized companies without the luxury of additional staff. Understand what will work in your current system that can handle the CAD data without changing the CAD system through PLM. Manage the engineering change process, running the course of integrations which does not end with PLM. Ensure the organization can utilize your CAD and BOM data (ERP, MRP and manufacturing system. Remove barriers that many manufacturers face by helping to create a more efficient process. Provide out-of-the-box solutions to most customers, even if it needs some customization; therefore, any consulting or services cost is much smaller. Use cloud or SaaS to provide a significant piece of software with a substantial commitment in capital and resources. Connect with Tim Yerby: LinkedIn Connect with Mary Macdonald: LinkedIn