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Product lifecycle management or PLM is an all-encompassing approach for innovation, new product development and introduction (NPDI) and product information management from ideation to end of life. PLM Systems as an enabling technology for PLM...
To make fair and accurate comparisons, it is important to clearly define the scope of PLM. At the same time it is important to understand that not all companies define the scope of PLM the same way.
Using a PLM system to manage product data and integrate and automate business processes generally results in efficiency improvements, which consequently enable companies to develop more new products, shorten time-to-market, reduce costs, increase productivity and improve the quality of products and procedures. These efficiency improvements can generally be leveraged in
The overall cost of a PLM solution is comprised of several elements and dependent on a number of factors, including number of users, functional scope, deployment method, etc.
Implementing PLM across an organization or even only in a few functional areas of a company is a major undertaking. A good plan and implementation methodology are critically important to ensure the success of the project and to complete on time and on budget. Our advisors and consultants have managed