Product Lifecycle
Management

Product Lifecycle management

Product lifecycle management (PLM) is the process related to the management of a product’s entire lifecycle from concept design, to design engineering, to manufacturing, to servicing and finally disposal of the product. PLM connects product data, processes and people involved in the product lifecycle through an integrated platform which acts as a central repository of information.

Representation of full end-to-end Product Lifecycle Management platform (PLM), including CAD, Application Lifecycle Management (ALM), Service Lifecycle Management (SLM) and Supply Chain Management (SCM) (PTC)

A simpler representation of PLM (Siemens)

Areas

Having a robust PLM strategy is essential to ensuring organisations stay ahead of competition and this is achieved through these areas:

End-to-End Consolidated Product Information Management:

  • Build coherent data structures, improving management of Engineering Bill of Material (eBOM) and Manufacturing Bill of Materials (mBOM)
  • Consolidate, organize, manage, track, connect and centralise all product information onto one centralised system

Collaborate Across Different Functional Teams on a Common PLM Framework

  • Easily communicate between cross functional teams: design, engineering, manufacturing, quality assurance, purchasing, and other product stakeholders
  • Work as a single coherent team across the enterprise locally and globally with the right people getting the right information at the right time

Improve Strategic Decision Making on an Enterprise Level

  • Detailed view of every stage in the entire product lifecycle allows organisations to make informed and unified decisions

Build Up Knowledge Base – Reusable Content and Repeatable Processes

  • Capture, organise and manage best practices and content generated
  • Reuse and leverage the existing knowledge base and avoid reinventing the wheel

Find out more

Product and Asset Data Management 
Manage critical processes such as content, change and configuration management on a platform that allows teams to work together in different locations

Project Management 
Easily access the right project management information at the right time, keeping the team aligned with better collaboration

IIoT-Ready Product Lifecycle Management
Implement Industrial Internet of Things (IIoT) with PLM to improve productivity, quality control, sustainability, supply chain traceability and efficiency

Service Lifecycle Management
Manage service information, optimise supply chains, create and publish 3D technical documentation and dynamic Augmented Reality experiences

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