What is PLM?
Product Lifecycle Management (PLM) helps manufacturers manage complex, cross-functional processes, coordinating the efforts of distributed teams to consistently and efficiently develop the best possible products. The PTC PLM software system manages all aspects of the product development lifecycle, from concept through service and retirement. By optimizing product development processes and using a single, secure source of information, manufactures can develop products that are competitive, cost-effective, and high quality.
Benefits of PLM Software
PLM software supports the product development process, to integrate people, processes and systems. It provides a product information "warehouse" for organizations. Primary benefits of PLM software include:
- Faster time-to-market
- Increased productivity
- Design efficiency
- Increased product quality
- Lower cost of new product introduction
- Insight into critical business processes
- Better reporting and analytics
Flexible PLM Software for all Phases of the Product Development Lifecycle
Directly, our PLM system offers significant value to a company, by establishing a single system that simultaneously manages both hardware and software deliverables. Our Product Lifecycle Management software also enhances other enterprise systems (ERP, CRM) by enabling the sharing of product information throughout the organization. It may also be integrated with Application Lifecycle Management (ALM) for accelerated software development, by deliver smarter, more competitive products faster and more efficiently.