PLM or Product Lifecycle Management is an information system designed to improve product development, engineering and manufacturing processes. PLM solutions focus on managing and tracking the changes that occur throughout the product lifecycle, from ideation and design to manufacturing and distribution. PLM systems facilitate efficient communication and collaboration between disparate areas of product development, and ensure that the right information is available in the right place at the right time.
PLM solutions are essential for companies who engage in complex product development, require constant information sharing between departments, and seek to preserve product integrity throughout the product lifecycle. Here are four key features of a PLM system:
Streamlined Product Data Management: A PLM system provides a single source of design data, significantly simplifying the product design and development process. This data can include parts, assembly structures, and product documentation to support collaboration between different departments.
Comprehensive Versioning Control: PLM software offers powerful versioning control that reliably track the evolution of products over time. This helps identify, rectify errors, and improve product integrity.
Automated Design and Engineering Processes: PLM solutions provide automated workflows and design rules to streamline product development and engineering processes. This helps reduce engineering processes and increase product quality
Integrated Supply Chain Management: PLM systems provide visibility into critical supply chain information and performance metrics, improving coordination between different departments and aiding in effective supply chain decision-making.
In short, a PLM system is an essential tool for companies looking to maximize efficiency, streamline their engineering processes, and ensure product excellence throughout the product lifecycle.