PRODUCT LIFECYCLE MANAGEMENT
Product Lifecycle Management (PLM) is the process of managing the entire lifecycle of a product including all the data and design processes from inception to the finished product
YOUR VIEW INTO THE COMPLETE LIFECYCLE
PLM provides a centralized place for your entire organization to store, manage, and access up-to-date product data. It provides the framework to securely manage engineering, manufacturing, marketing, purchasing, and service information throughout the lifespan of a product. This single source of truth allows you to manage design iterations, reduce cost, increase quality, streamline operations, and improve your company’s productivity.
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We quickly started to realize what potential there was by implementing a product lifecycle management system. We knew our product development processes could improve – we just didn’t know where to start. Now all of us have a much clearer picture of what the end goal is.
FREQUENLY ASKED QUESTIONS
Below you’ll find answers to our most commonly asked questions.
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What is PLM software?
Product Lifecycle Management (PLM) provides a centralized place for your entire organization to store, manage, and access up-to-date product data. PLM provides the framework to securely manage engineering, manufacturing, marketing, purchasing, and service information throughout the lifespan of a product.
What is the difference between ERP and PLM?
Enterprise Resource Planning (ERP) is a management approach to manufacturing quality products on time and under budget. ERP software supports finance and accounting objectives.
Product Lifecycle Management (PLM) is the process of managing product development from ideation to end of life. Check out this article to learn more.
What does a PLM system do?
PLM software aggregates product data from many disconnected systems within your organization to a single location for all stakeholders involved. It enables teams in design, development, manufacturing, and more to work collaboratively with one source of comprehensive, accurate, up-to-date information. Otherwise called a single source of truth.
What is the difference between PLM and PDM?
The difference between Product Lifecycle Management (PLM) and Product Development Management (PDM) is that PDM manages specific data, whether design or productivity, regarding the product development process, while PLM focuses on the product development and manufacturing process in it’s entirety and how it impacts the lifecycle of the product.
Why do companies need PLM?