Nuremberg and Walldorf — The top two German multinational conglomerates Siemens and SAP are partnering to improve interoperability and use their complementary technologies to offer integrated solutions for product lifecycle management (PLM), supply chain, service and asset management.
Under the agreement, SAP will offer Siemens’ Teamcenter software as the core foundation for product lifecycle collaboration and data management and Siemens will offer SAP Intelligent Asset Management and SAP Portfolio and Project Management software to manufacturers and operators across networks.
The company claimed that the partnership will help their common and potential customers to form a digital thread integrating all virtual models and simulations of a product or asset with real-time business information, feedback and performance data over the entire lifecycle.
“This exciting collaboration between two industry leaders is about more than just interoperability and interfaces; it is about creating a truly integrated digital thread that unites product and asset lifecycle management with the business that enables customers to optimize production of products,” said Klaus Helmrich, Member of the Managing Board of Siemens AG and CEO of Siemens Digital Industries.
The companies said that going forward, both SAP and Siemens will be able to offer new solutions that combine their technologies in order to help companies shorten time to market by leveraging Industry 4.0-enabled data using intelligent assets and products.
“The IT benefits of pre-integration of PLM, ERP, asset management and supply chain applications and the business benefits from having a more resilient response to changing market demand make this a compelling consideration for companies seeking a competitive advantage in the digital economy,” said Bob Parker, Senior VP of Industry Research at IDC.