PLM (Product Lifecycle Management) - product lifecycle management is software for managing all data related to design, production, support, and final distribution of industrial goods.
PLM systems solve multiple tasks comprehensively:
- Provide strategic business approach
- Form "extended enterprise view"
- Continuous management of all product lifecycle stages
- Integration of information, systems, processes and people
Key PLM functions:
- Manages document creation and processing
- Creates and controls material specifications (product structure)
- Provides electronic file storage
- Defines material content for environmental compliance
- Enables targeted task assignment
- Manages workflows
- Controls multi-user secure access
- Exports data for ERP systems
Using modern PLM tools:
- Boosts production and financial metrics
- Enhances market competitiveness
- Strengthens customer loyalty