Why PLM Solutions?

Product Lifecycle Management (PLM) is a term that has recently emerged from the acronym soup of business today. Over the last few decades, and especially in recent years, many companies have invested heavily in business systems like ERP, CRM and MRP. Few, however, have realised the importance of modern PLM. Many confuse it with Design Data Management of days gone by, but PLM has moved on: it now embraces complete enterprise data management.
In a nutshell: ERP manages your physical Property and PLM manages your Intellectual Property.

PLM is one of the four cornerstones of any corporation's information technology structure. All companies need to manage communications and information with their customers (CRM – Customer Relationship Management), their suppliers (SCM – Supply Chain Management), their resources within the enterprise (ERP – Enterprise Resource Planning) and their planning (SDLC – Systems Development Life Cycle). In addition, manufacturing engineering companies must develop, describe, manage and communicate information about their products.

PLM is also about collaboration. It enables the “Extended Enterprise” to drive innovation and productivity through a centralised view of all product related information. PLM creates long-term value and measurable business results. It is a single source of truth for your enterprise data, securely accessible to authorised personnel, from wherever they are.

Essentially, Product Lifecycle Management (PLM) is the process of managing the entire lifecycle of a product from its conception, through design and manufacture, to service and disposal. PLM integrates people, data, processes and business systems and provides a product information backbone for companies and their extended enterprise.