A PLM system brings together all your product data, to create a single source of authority. PLM makes it possible to manage a product from initial concept, right through its lifecycle. It allows for all stakeholders to have access to the information they need, to make decisions and create better quality, more cost-efficient products.
As part of any PLM system, there are the essential must have components, which are needed for the system to be fully functional and effective. But in addition to the must have components of PLM solutions there are the extended values. These further increase the capabilities and reach of PLM, to provide a more comprehensive source of authority.
#1 Communities of Practice
Communities of practice connect your extensive resource of internal information and data, allowing you to increase the success of your product development. It will also reveal previously unknown information areas and allow you to share this information with the right people.
#2 Program Portfolio Management
Maintain control over the more complex aspects of your product development processes, not just the task-lead aspects. Program portfolio management also comes complete with more comprehensive analysis of your progress.
#3 Requirements Management
Bringing together technical and customer aspects, requirements management ensures that the product design meets the customers’ expectations while complying with regulatory requirements. It brings together all the different areas working on a product, from development to marketing.
#4 Component and Supplier Management
With this functionality, you gain complete control over all data associated with components and suppliers. You can create records of components, regulate new component needs and manage the use of suppliers through approved lists.
#5 Manufacturing Process Management
Simultaneously develop your product and being manufacturing, by allowing manufacturing engineers to become part of the process at an earlier stage. This will enable designs that are more cost-effective to make, through collaboration and data sharing between different design and manufacturing teams.
#6 Product Analysis
Ensure your product development is fully informed, by collating all associated product data into one place. Product analysis offers a single dashboard, bringing together all information from different systems in their varied formats for more complete product evaluation. It allows for easier analysis of product trade-offs, such as total cost against product quality.
#7 Service Information Management
The functionality of service information management means you can plan for all service information requirements and more complete picture of a product lifecycle. Plan for your customer service requirements and allow for spare parts planning and service bill of materials (sBOM), by bringing it together with an eBOM or mBOM.
#8 Quality, Reliability and Risk Management
Make sure your product meets all the internal and external quality standards with quality, reliability and risk management. Allow for quick take up and continual application of proven quality assurance procedures.
To find out more about the PLM systems with our guide to selecting PLM: