Product Lifecycle Management (PLM) is a business strategy that oversees and manages a product from its conception to its retirement from the market.
Product Lifecycle Management (PLM)
By integrating people, processes, and data, PLM facilitates collaboration and efficiency at every stage of product development, ensuring a faster and higher quality delivery to market.
Key Areas and Processes of PLM
PLM encompasses various fundamental areas in product development:
Product Data Management (PDM)
It centralizes all product-related information, including specifications, designs, and technical documentation, allowing for efficient access and updating.
Interdisciplinary collaboration
It facilitates communication and cooperation among departments such as design, engineering, manufacturing, and marketing, ensuring that everyone works with up-to-date and consistent information.
Engineering change management
It provides tools for controlling and documenting modifications in the design or manufacturing process, maintaining traceability and reducing errors.
Regulatory compliance and quality
It helps ensure that products comply with regulations and quality standards from the initial stages of development.
PLM Value in Addressing Common Challenges in Industrial Companies
Industrial companies often face challenges such as lack of system integration, absence of traceability, version errors, and loss of information. PLM addresses these issues in the following way:
System integration
By centralizing product information, PLM eliminates data silos and ensures that all departments access a single source of truth, improving consistency and reducing duplication.
Complete traceability
The ability to work in teams offers detailed tracking of every change or update to the product, facilitating audits and ensuring conformity with standards and regulations.
Version management
It maintains rigorous control over the various versions of designs and documents, preventing confusion and ensuring that everyone works with the most recent information.
Preservation of information
It securely stores all product-related data, reducing the risk of losing critical information and facilitating its retrieval when necessary.
Beyond PLM: The Platform that Drives Innovation and Redefines the Future of Your Products
The 3DEXPERIENCE Platform is not just a PLM; it is a comprehensive environment that connects people, processes, and data to manage every aspect of the product lifecycle. Designed to optimize collaboration and accelerate innovation, it transforms challenges into opportunities and boosts business success.
Discover the full potential of the 3DEXPERIENCE Platform here.
