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What is PLM?
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...
Benefits of PLM
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 Cost of PLM
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.
Steps to Implementing PLM Successfully
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