Product Lifecycle Management
Collaboratively manage all product-related data across business processes with the speed and flexibility required by the modern experience economy.
Product Lifecycle Management (PLM) has long been the backbone of managing a product from ideation to end-of-life. Yet the modern world of product development demands exceed what PLM can support. Business is moving faster. Products are more complex. Consumers are more demanding.
A PLM solution enables complete integration of all data used to design and develop a product. PLM software allows for more transparency in version control and more control in change management.
All product information is properly documented, organized, and accessible to stakeholders throughout the product lifecycle.
PLM software enhances the product design and engineering stages as 3D modeling can be used for prototyping, simulation testing, and analysis. This ensures that the final product will meet customer needs, can be manufactured efficiently, and complies with all relevant regulatory requirements.
PLM doesn’t just end when the product rolls out the factory doors. The entire lifecycle of the product can be managed, including how the product reaches the customer. PLM covers supplier management, procurement, and logistics. With a complete PLM solution, an enterprise can ensure that all components and materials required to manufacture a product are sourced, procured, and delivered in a timely and cost-effective manner.
Improved collaboration
A PLM system enables centralized data management, so employees at all levels can have a complete picture of product development and manufacturing processes. PLM tools use cloud-based software solutions to connect people no matter where they are in the world or what type of device they are using.
Most PLM software contains real-time collaboration tools and/or visual management tools that can be used to facilitate better communication and collaboration between team members and between teams as well as between stakeholders and shop-floor workers.
Most PLM software contains real-time collaboration tools and/or visual management tools that can be used to facilitate better communication and collaboration between team members and between teams as well as between stakeholders and shop-floor workers.
Reduced time to market
Workflow optimization that delivers significantly reduced time to market is a major benefit of PLM systems. PLM software features fully integrated design and manufacturing tools, so teams can work together to find the most efficient means of production.
Increased cross-team collaboration and enhanced communication allow for the better implementation of Lean manufacturing principles. Since multi-disciplinary stakeholders can have access to data across all areas, innovative ideas on how to improve productivity can be developed and implemented.
Increased cross-team collaboration and enhanced communication allow for the better implementation of Lean manufacturing principles. Since multi-disciplinary stakeholders can have access to data across all areas, innovative ideas on how to improve productivity can be developed and implemented.
Better product quality
By improving the implementation of Lean management techniques, PLM software results in greatly enhanced product quality. CAD PLM software contains 3D modeling tools that make the design validation and iteration process faster and less resource intensive. Integrated simulation tools also improve the quality management processes by allowing designers and engineers to test designs and experiment with components and materials without the labor and resource-intensive process of producing physical prototypes.
Increased innovation
All of these features give stakeholders more freedom to develop new ways of approaching design problems, experiment with assemblies, and develop new manufacturing processes. PLM software gives teams the ability to test and prototype quickly, without the time or budgetary restraints of having to produce physical prototypes.
Multi-disciplinary teams can collaborate easily even from remote geographical locations. PLM encourages ideation at every level through Lean management tools. The ease of communication and enhanced ability to share ideas and experiment with processes can lead to new, highly innovative solutions.
Multi-disciplinary teams can collaborate easily even from remote geographical locations. PLM encourages ideation at every level through Lean management tools. The ease of communication and enhanced ability to share ideas and experiment with processes can lead to new, highly innovative solutions.
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