Product Lifecycle Management Information
Product Life Cycle Management
an informational guide to understanding PLM

Product Life Cycle Management

| What is PLM?



PLM Streamlines and Improves Innovation Across the Enterprise Product Lifecycle.

For cool summary of the keys to successful innovation, check out Bob Sutton's, Work Matters, graphic representation of fast innovation, developed by graphic scribe Kevin Bain. Click on graphic to enlarge.

Benefits of PLM Software

PLM Software supports the product development process, integrating people, data, processes and business systems and providing a product information backbone for companies and their extended enterprise. The benefits of PLM software focus around time, cost and quality. These benefits include:

  • Faster time-to-market
  • Improved cycle times
  • Fewer Errors
  • Less scrap & rework
  • Greater productivity
  • Greater Design efficiency
  • Better product quality
  • Decreased cost of new product introduction
  • Insight into critical processes
  • Better reporting and analytics
  • Standards and regulatory compliance
  • Improved design review and approval processes
  • Improved communication
  • Reduced product cost and greater profitability
  • Better resource utilization
  • Improved integration and communication with extended supply chain


10 Transformational Objectives of PLM from Kalypso


  • Centralized Data Management by Using the Product Data Record Concept
  • Reduced Organizational Risk Profile
  • Aligned Corporate Strategy with Core Capabilities
  • Balanced Pipeline
  • Improved Efficiency of Merger and Acquisition Integrations
  • Advanced 3-D Design and Virtual Development
  • Achieved Design (Intellectual Property) Re-Use
  • Open Innovation via Distributed Development Work
  • Improved Product Quality
  • Improved Time To Market for New Products

Download THINKING STRATEGICALLY ABOUT PLM: TOP 10 TRANSFORMATIONAL OBJECTIVES to learn more.



Managing Automation presents the benefits of PLM as:


  • PLM helps reduce the cost of a product.
  • PLM helps bring better products to market faster, and enables better support of customers' use of products.
  • PLM enables the value of a product to be maximized over its lifecycle.
  • PLM provides transparency about what is happening over the product lifecycle.

PLM is Key to Taking Advantage of New Innovations

Sources:
AMR/Gartner | www.gartner.com
Aras | www.aras.com
CIMdata | www.cimdata.com
Kalypso | www.kalypso.com
Managing Automation | www.managingautomation.com