PTC has announced the release of its Arena product lifecycle management (PLM) and quality management system (QMS) solution that will provide manufacturing and product developers with greater supply chain security.

Arena Supply Chain Intelligence continuously checks for emerging risks from evolving economic conditions and eliminates the need for disconnected supply chain tools by embedding real-time, AI-driven component monitoring and risk mitigation insight directly into product development workflows.

These capabilities transform how product development teams manage component issues throughout the entire product lifecycle within the existing PLM environment. Companies can use Arena SCI to monitor components continuously across bills of materials to identify emerging and changing supply chain conditions.

When risks are detected, the platform provides visibility, suggests alternative components based on technical compatibility and enables teams to make more informed sourcing decisions earlier in the product development process – helping prevent future sourcing interruptions before they impact production.

“By delivering supply chain intelligence directly where design decisions are made in a cloud-native environment, Arena Supply Chain Intelligence simplifies collaboration between design teams and suppliers and supports more proactive component sourcing decisions,” says David Katzman, PTC’s general manager of Arena and Onshape. “Supply chain collaboration has been one of Arena’s core strengths for years, and our investment in SCI adds a new dimension for our customers as they prioritise resiliency. We expect to enhance SCI with even more features in future releases, including more AI-driven functionality powered by Arena AI.”

PTC says Arena’s cloud-native PLM and QMS solutions are the trusted source for product development, quality management and multi-tiered supply chain collaboration at nearly 1500 global manufacturers.

More information www.bit.ly/484cTTg