Learning objective

This component is an approach to Product Lifecycle Management (PLM). After reading it you will have learnt what PLM is, why use it, its benefits and what kind of companies can benefit from its use. It will take you 50-60 minutes to go through this component


People often describe Product Lifecycle Management (PLM) as a technology but it is more accurate to say that it is a strategy for making companies more innovative and productive by applying a number of technologies (different types of software). These tools enable manufacturing companies to capture, use, and build upon the intellectual property created by design and manufacturing engineers, and to do so all the way from the concept of a product to the very end of its life.1

A common complaint of CAD-using engineers was the difficulties they found in finding the data they needed for their designs. They have to spend too much time in searching through files, pictures of models, and choose the right one. Such difficulty extended through the enterprise, where manufacturing engineers needed to design and build tools based on similar data, and non-engineering people, such as financial department people trying to figure out cost data on a particular configuration, dealt with similar problems.2

To solve this problem PLM brings together design engineers, manufacturing engineers, maintenance engineers and non-engineering staff and departments which manage material, requirements, cost, sales and marketing. PLM also ensures that if a worker leaves the company his or her knowledge remains.

1 Paragraph based on www.caddigest.com/subjects/PLM/select/012705_plm_enovia.htm
2 lbid

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