LG Electronics Takes Standard Approach to Innovation
South Korean electronics conglomerate LG Electronics (LGE) will implement Dassault Systemes' ENOVIA PLM suite to streamline product design processes and promote innovation across 40 global R&D centers and 36 manufacturing facilities. The implementation is also expected to help strengthen its market leadership in the highly competitive global electronics market. LGE, the world's largest producer of CDMA handsets, residential air conditioners, plasma panels, optical storage products and DVD players, will use ENOVIA MatrixOne as a central repository for all of its product information. "LG Electronics is fully committed to GSI (Global Single Instance) of enterprise-wide backbone systems to establish IT infrastructure where Global Operation and Management are supported effectively. To this end, LGE decided to implement a new PDM system supporting global product development with ENOVIA PLM. This is an important step forward from the existing PLM systems per business unit," says Tae Keuk Kim, CIO, LG Electronics. With the change, R&D organizations across the world can follow a globally standardized best process and share information on any change in the product development process real-time. LGE expect significant improvement in time-to-market of new products and great reduction in product development cost.