PLM

Product Lifecycle Management, or PLM,

is a driver of successful product development, and a strategic contributor to business value across the enterprise. PLM helps product manufacturers manage complex, cross-functional processes, coordinating the efforts of distributed teams to consistently and efficiently create the best possible products.

 

 

The principal role of Product Lifecycle Management (PLM) is to manage a product’s definition from concept to retirement.

To be effective, PLM solutions must completely define all aspects of the product’s Bill of Materials (BOM) – including mechanical and electrical design files (MCAD, ECAD), software, documentation, and service information. PLM enables the definition and synchronization of cross-functional views of the BOM: engineering (eBOM), manufacturing (mBOM), and service (sBOM).

Directly, PLM offers significant value to a company, but PLM also enhances other enterprise systems (ERP, CRM) by enabling the sharing of product information throughout the organization.

PLM offers broad and deep capabilities, including:

    • Requirements management
    • Product data management
    • Visualization and digital mockup
    • Program & portfolio management
    • Change and configuration management
    • Manufacturing process management
    • Quality management

 

The result is improved profitability through:

  • Increased revenue via successful product introductions
  • Reduced product and development cost
  • Accelerated time to market
  • Improved product quality