PLM Components

PLM Components

Product Lifecycle Management, PLM, can be confusing in a software industry of various acronyms and definitions.  Simply stated PLM is the process of managing your company’s products through their lifecycle from ideation, design, development, production, support and end of life.

The complexity in bringing products to market has evolved over time, as has the product itself.  Few products produced and manufactured today are comprised of a few mechanical parts.  Most products are comprised of mechanical, electrical and software components dictated by regulatory compliance and sold into a global marketplace requiring multiple product configurations and supporting documentation.

The ability to define the underlying processes throughout your product’s lifecycle and leverage that critical information across the enterprise to improve collaboration, product quality and time to market is what sets businesses apart.  By leveraging most, if not all, of the PLM components outlined here companies are making great strides in not only controlling their intellectual property but using it to make smarter, faster business decisions to lower product development costs, improve product quality and gain market share.

    Bucher Hydraulics

    There has been significant productivity increase since PLM became a part of our business…We are looking forward to the continued successes and cost savings that PLM has helped us realize.

    Mike Koliha, Systems Analyst, Water Pik, Inc.

    As product development processes have evolved over the years, we have fulfilled our requirements by implementing new processes to meet the challenging business climate that our company competes in.

    Hayward Tyler, ProductCenter PLM Project Lead

    Having a central location for all product design and contract information that is secure, accessible 7×24, and electronically controlled facilitates data sharing across the organization.

Not sure which PLM solution fits your business needs?



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