PLM Concepts

In industry,product lifecycle management(PLM) is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products.PLM integrates people, data, processes and business systems and provides a product information backbone for companies and their extended enterprise.

Executive Summary – What is PLM ?

  • PLM is about better management of corporate assets and all intellectual property and processes that bring a product to market and support to End of Live
  • Every Company have PLM processes – but perhaps not always in the most effective way.. to benefit from: lower costs, higher quality, more innovation, better collaboration with suppliers and industry partners
  • Efficient PLM links up previously disparate people, processes and information.
  • Your competitors do PLM. Your Customers demand PLM
  • PLM is an enterprise initiative – everybody in your company is employed to support product success
  • PLM can be overwhelming, but improvements can be delivered incrementally along the way.
  • Proven PLM solutions that will enable efficient PLM processes are available
    (and have demonstrated true benefits)
  • PLM needs sponsorship at Executive Level

“The 80’s were about quality.. The 90’s on re-engineering.. And the next decade will be on Velocity”

– Bill Gates