PLANO, TX, Mar 25, 2015 – Siemens and thinkstep (formerly PE International) announced a new integrated material management software solution to manage the material lifecycle and streamline material driven product design. The new solution, developed by thinkstep and Siemens’ product lifecycle management (PLM) software business, will help manufacturers worldwide improve product performance and reliability by connecting design, engineering, analysis, compliance and manufacturing to a single source of material information. The new offering, which is part of Siemens’ Teamcenter portfolio, will help reduce errors, rework and recalls that result from the use of inaccurate material data. It will also assist in the re-use of market tested materials for new products, which is critical in a wide variety of industries. Siemens and thinkstep expanded their existing partnership agreement to develop this new solution.
“Selecting the right materials is critical in order to achieve maximum safety, performance and reliability in our business,” said John Probst, technical director, Chip Ganassi Racing with Felix Sabates. “The Teamcenter integrated material management solution opens up new horizons for us in agile materials management that spans design, engineering, simulation and manufacturing processes. In the racing world, where every second counts, we need solutions like this that enable us to create more innovative designs to give our team a competitive advantage.”
“Through our expanded relationship with thinkstep, we’re delivering a competitive advantage to all of our customers through true material management intelligence,” said Eric Sterling, senior vice president, Lifecycle Collaboration Software, Siemens PLM Software. “Products from virtually every industry can fail, and often times the failure results from the inconsistent use of material information. The new Teamcenter integrated material management solution provides a more holistic view of material data for use in all phases of the product lifecycle to help improve quality and reduce development cost. The new solution gives manufacturers the right information at the right time so they can react quickly and realize innovation.”
Material property management systems have evolved significantly to keep pace with the growing demand to capture, store and interrogate material test data. However, these massive volumes of data cannot be considered material intelligence unless the lifecycle of the material data is intrinsically linked with the lifecycle of the product. Teamcenter integrated material management provides this missing link between material data and true product intelligence. Establishing and maintaining integration between the materials considered for use in a product and the product’s bill-of-materials (BOM) is crucial to delivering successful, innovative products. The Teamcenter integrated material management solution enables the active management of materials throughout the product lifecycle, from design to production to retirement.
“We are thrilled to work with Siemens to help our customers create innovative new products,” said Christoph Wilfert, CEO, thinkstep. “Integrated material management significantly improves the product development cycle. The solution tracks, measures and manages key materials and substances, reducing rework and mitigating the risk of recalls and non-compliance.”
About Siemens PLM Software
Siemens PLM Software, a business unit of the Siemens Digital Factory Division, is a leading global provider of product lifecycle management (PLM) and manufacturing operations management (MOM) software, systems and services with over nine million licensed seats and more than 77,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software works collaboratively with its customers to provide industry software solutions that help companies everywhere achieve a sustainable competitive advantage by making real the innovations that matter. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.
About thinkstep
thinkstep is the global leader in Sustainability Performance Management, helping businesses around the globe to improve their operational excellence, sustainable product innovation and compliance. thinkstep.one, its next generation enterprise grade platform and application store, provides unique monitoring and modeling capabilities that enable key business functions to take better decisions and drive performance breakthroughs. thinkstep.one is complemented by the thinkstep professional services that draw on 20 years of experience in every major sector.
Clients comprise more than 2,000 companies, including 40 percent of the Fortune 500, academic institutions, governments and associations. Examples are BASF, Hewlett-Packard, Interface, Kraft Foods, Siemens, Unilever, Volkswagen, Worldsteel, the Bank of England and the European Commission. For more information, visit www.thinkstep.com.
About Siemens AG
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of combined cycle turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2014, which ended on September 30, 2014, Siemens generated revenue from continuing operations of €71.9 billion and net income of €5.5 billion. At the end of September 2014, the company had around 357,000 employees worldwide. Further information is available on the Internet at www.siemens.com.