Product Lifecycle Management (PLM)

Product Lifecycle Management (PLM) tools provide a secure, central repository with project management and workflow tools for all of the information required to develop, market, manufacture, distribute, and even dispose of a product throughout its entire lifecycle. By centrally storing, controlling and routing all of this information, PLM systems help resource allocation and collaboration, allowing project managers to keep a firm handle on multiple projects and share information across projects and across work teams.

PLM tools helps track all of the information required to produce and support products including product information, supporting files, vendor and purchasing information. The management tools in PLM provide security, automatic revision and change history, searching capabilities, project management and workflow management tools that allow users to optimize their processes and automate the movement of approvals, change notices, and other time-sensitive tasks

PLM benefits include security of product data and facilitated regulatory compliance; automated revision and change management; advanced searching capabilities that assure adherence to corporate standards and data reuse; and advanced project management tools.

By electronically routing all of the supporting information and documentation with the workflow, PLM tools greatly reduce the time required for any user to evaluate and sign-off on designs, dramatically shortening approval and overall design cycle time.

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