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PLM

What is PLM?

Product Lifecycle Management (PLM) provides the capabilities companies need to successfully manage information and facilitate communication and collaboration across the entire product lifecycle from idea through retirement. By integrating a PLM system, companies can iron out product challenges such as frequent design changes, disparate systems with incompatible data, regulatory compliance. In doing this, businesses not only streamline their processes, but ensure that they’ll get the best value out of the value chain.

 
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There are many benefits to integrating PLM into your business.

These include:

  • Getting products to market faster
  • Reduce the costs of product development
  • Increased transparency in the product lifecycle
  • Make better data-driven decisions
  • Seizing marketing opportunities before your competitors

Every company’s product lifecycle is different, which means that each company will need a slightly different PLM solution.

Making sure that the solution matches your needs is essential to getting the best out of Product Lifecycle Management which is why PTC offers a range of different solutions to suit different businesses.

Windchill is PTC’s main PLM software, it is proven to help centralise and organise product deliverables for a range of different enterprises. Not only does it help to manage product design processes, but it also allows for the sharing of product information company-wide therefore enhancing other enterprise systems such as ERP and CRM.