Master the Entire Product Lifecycle
A Product Lifecycle Management (PLM) platform transforms its roots in CAD file and product design information management, offering processes to streamline collaboration and communication between product stakeholders. This includes information and teams beyond engineering and design including manufacturing, quality, technical writers, marketing, field service, and other key disciplines.
A PLM platform enables you to embrace digital transformation to unlock productivity gains through the total value chain creating a digital thread.
The digital thread connects, organizes, controls, manages, tracks, consolidates, and centralizes information that affects a product as well as offering tools to track information related to safety and control of components especially in aerospace, automotive, electronic, and medical device industries. This digital thread is a high-value framework and fundamental method for manufacturers to stay ahead of the competition well into the future.
Why PLM is useful
Due to the growing interdisciplinarity, high complexity of research and development processes, and continued challenges in global supply chains, organizations experience increasing limitations to get secure access to relevant data and processes.
This data is often scattered in different systems, file folders, network drives etc., making it difficult to locate and share the correct data and/or version of the data. In addition, the product-related processes are not integrated, reducing the traceability and visibility in the end-to-end product lifecycle processes.
By enabling the comprehensive digital thread through a PLM platform, companies are able to resolve these challenges, providing a backbone that supports the end-to-end lifecycle of products - all the way from ideation, through requirements definition and management, product design, industrialization to maintenance and end-of-life. To be truly successful, a PLM system should be integrated both up and downstream in the supply chain. This way, the flow and control of information become as accessible and transparent as possible.
PLM is a strategic business approach
As Cimdata defines it, “PLM is a strategic business approach that applies a consistent set of business solutions in support of the collaborative creation, management, dissemination, and use of product definition information across the extended enterprise, and spanning from product concept to end of life-integrating people, processes, business systems, and information. PLM forms the product information backbone for a company and its extended enterprise.”
By enabling the digital thread to digitally transform business processes, companies are able to:
- Capture customer requirements better
- Develop products faster
- Deliver the required product at the required time in the required place
Take advantage of a digital connected enterprise solution that enables the digital thread to create better products in less time, at a lower cost.
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