Product Lifecycle Management Services

Service Details:

Product Lifecycle Management, or PLM, is a driver of successful product development, and a strategic contributor to business value across the enterprise. PLM helps product manufacturers manage complex, cross-functional processes, coordinating the efforts of distributed teams to consistently and efficiently create the best possible products.

The principal role of Product Lifecycle Management (PLM) is to manage a product’s definition from concept to retirement.

To be effective, PLM solutions must completely define all aspects of the product’s Bill of Materials (BOM) – including mechanical and electrical design files (MCAD, ECAD), software, documentation, and service information. PLM enables the definition and synchronization of cross-functional views of the BOM: engineering (eBOM), manufacturing (mBOM), and service (sBOM).

Directly, PLM offers significant value to a company, but PLM also enhances other enterprise systems (ERP, CRM) by enabling the sharing of product information throughout the organization.

PLM offers broad and deep capabilities, including:

• Requirements management
• Product data management
• Visualization and digital mockup
• Program & portfolio management
• Change and configuration management
• Manufacturing process management
• Quality management

The result is improved profitability through:

• Increased revenue via successful product introductions
• Reduced product and development cost
• Accelerated time to market
• Improved product quality