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What Is PLM - A Software Solution Or A Business Approach - PLM Nordic


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PLM stands for Product Lifecycle Management. It mainly focuses on coordinating information, processes, and people related to a product lifecycle, right from concept to manufacturing to customer. Hence, it provides many benefits that include lesser design to manufacturing errors, reduced iterations, and faster speed to market. The product lifecycle management concept was introduced in the mid-1980s, in the automotive and aviation industry. In these industries, developing a new product entailed collaborating with multiple resources. E.g., a new car has millions of parts, which are sourced from different manufacturers. Imagine manufacturing such a product with no set process and no centralized data for managing the entire product development process.

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Created by plmnordic 15 weeks 5 days ago – Made popular 15 weeks 3 days ago
Category: Software   Tags: