PLM Fundamentals Part 1: What is PLM?

What is PLM and how can it benefit your business?

Product Lifecycle Management (PLM) integrates people, business processes and IT systems to manage products from development and through their entire life cycles:

• PLM supports the entire product life cycle, from idea generation, through development, production, launch, product versions, and all the way to eventual phasing out of the product. Processes are streamlined and bottlenecks are removed by making workflows more smooth and efficient.

• PLM supports the creation and management of all the data you need in the different phases of the product life cycle, covering information from both the virtual and the physical world. Everything is always up-to-date and centrally available in the correct version.

• PLM cuts across human barriers such as departments, disciplines, applications and integrations, centralising data and making accurate and up-to-date information available to anyone who needs it, when they need it, and regardless of where they are.