PLM
Why companies invest in PLM
Demand for PLM software is usually a result of a desire for greater efficiency in the product development process. The improvements sought often relate to cost reduction, quality improvement and time management.
The problem
Paper-managed systems tend to be serial, fragmented and slow, making innovation and new-product development and introduction (NPDI) challenging.
The result is that many companies suffer from NPDI practices that are slow, resource intensive, costly, inflexible, provide little visibility, and are difficult to manage and control — with each department involved in product management separated from the others.
The solution
PLM systems transform this process by integrating all product information to help define, execute, measure and manage key product-related business processes.
With a PLM system, product information from marketing and design comes together — and leaves in a form suitable for production and support.
What PLM delivers
Cost reduction
Eliminate duplicated work and resource-intensive manual processes.
Quality improvement
One integrated source of product information, from design to support.
Time management
Faster new-product development and introduction (NPDI) cycles.