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Product Lifecycle Management

Companies and product developers are turning to Product Lifecycle Management(PLM) gain competitive edge, become more profitable, optimise development processes and enhance innovation. It makes complex information and data easier to handle, increasing collaboration between departments and improving process management. PLM allows companies to make better products, at reduced time and cost, to secure a stronger position in the market. 

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What is Product Lifecycle Management?

It is a solution for companies to utilise, enabling them to have full control over the complete lifecycle of their products. Anything that impacts upon a product, at any stage of its lifecycle, is subsumed within the PLM solution.

Why is PLM essential?

Products are becoming more complex and, at the same time, companies need their processes to be more streamlined, to reduce costs and time to market. PLM, which manages all these aspects, gives companies more control, enabling them to become more competitive. 

ROI of Product Lifecycle Management
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What seven characteristics should all PLM systems have?

PLM systems need to have a comprehensive framework, so they can effectively manage all data and processes. Any PLM system should include configuration management, distributed collaboration, document management Embedded Visualisation, Workflow systems, Multi-CAD Data Handling, and Total Bill of Materials (BOM) Management 

What is the ideal PLM architecture?

All PLM solutions need an architecture which is made to support all its essential features and functionality, so that all the information can flow with ease through the system from initial design to disposal.