PLM stands for product lifecycle management and is a software platform designed to help organizations manage the entire lifecycle of a product from conception to end-user experience. It covers all stages, including product design, development, production, delivery, and post-sales service.
A PLM system helps organizations to better manage the data, processes, and people involved in the product lifecycle in order to create innovative products that are cost-effective, high-quality, and market-relevant.
Here are some key features of a PLM system:
• Data Management: PLM systems house all the data related to product design and development, such as CAD files, parts, bills of material, and engineering documents. This data is stored in one centralized repository and can be accessed quickly and easily.
• Process Control: PLM systems provide tools for configuring, tracking, and controlling procedures for product development. This helps ensure that processes are efficient and the product meets all requirements.
• Collaboration: PLM systems provide a centralized platform for collaboration between different departments to work on product design and development in a coordinated manner.
• Analytics: PLM systems offer reporting tools to gain insights into the product lifecycle, from conception to delivery. This helps to identify any problems or areas of improvement.
• Compliance: PLM systems provide tools for tracking product compliance with regulatory and other requirements.
In summary, a PLM system is a comprehensive software platform used to manage the entire lifecycle of a product, from conception to end-user experience, helping organizations to design and deliver innovative, high-quality products in an efficient and cost-effective manner.
To learn more, you can check out an article on the fundamentals of product lifecycle management here: https://aspirecloudsolutions.com/plm-fundamentals/