6.4.2 Why use PLM

Every commercial enterprise must manage its products, customers, personnel, supply chain, and finances as successfully as possible. While Material Requirements Planning (MRP)/ Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) are well-established and well-known solutions to manage people, production and profits, in the past 10 years there has been an intensive effort to centralise and control product data.1

PLM represents a wide ranging vision for managing historical data, current configurations and planned changes relating to the definition, design, validation, production, support and ultimate disposal of manufactured goods.

PLM can be thought of as both:

  • A “storeroom” for all information that affects a product.
  • A formal communication channel between product stakeholders: principally marketing, engineering, manufacturing and field service.

The PLM system is the first place where all product information from marketing and design comes together, and where it leaves in a form suitable for production and support.

Existing PLM solutions normally represent the union of capabilities from earlier Document Management System (DMS), Product Data Management (PDM) and Computer-Aided Design (CAD) file management systems. Benefits of PLM2

PLM software can help people improve their understanding of how products are designed, built and serviced. Most users appreciate centralised access to all product-related information; they feel more productive and efficient. But the benefits are quite concrete and easy to demonstrate.

Please have a look at the following figure and click for more information.

Fig. 3 Main benefits of PLM

1 www.product-lifecycle-management.com
2  www.product-lifecycle-management.com/plm-benefits.htm