Over the past ten years, more and more manufacturers have deployed Product Lifecycle Management (PLM) solutions to optimise product development and enhance bottom-line performance.
However, there is still widespread confusion and disagreement concerning the essential capabilities and functionality of PLM. This is especially true in the small and medium business marketplace where company executives may still believe that PLM solutions are only relevant for the larger OEMs and that projects cannot realise a satisfactory return on investment in a sensible timeframe.
Ultimately, PLM’s potential as a competitive edge creating technology will never be fully realised until a single, comprehensive definition of PLM is formulated and universally accepted.
The fact is, manufacturers will only be able to experience the complete range of PLM’s benefits – and choose the best PLM solution, when they fully and implicitly understand what PLM is, and what it can (and should) do for them.
In this series of posts, we will provide a definitive explanation of PLM, based on a decade of experience building and implementing PLM solutions for numerous companies.
1. The Growing Importance of PLM
2. "Must have" Capabilities of PLM
3. "Extended" Capabilties of PLM
4. Critical System Architecture Considerations
5. Buyer's Checklist
This information will allow you to ensure you make the smartest possible investments in PLM technology.
Free Whitepaper Download
This whitepaper outlines 10 steps to assist Small and Medium Businesses select a PLM solution to support their product development efforts.