Product Life Cycle Management (PLM) in Process
Part 1 Proven in Discrete, Ready to Blossom in Process
Olin Thompson - December 1, 2002

Introduction

Product Life Cycle Management is a series of business processes, enabled by application software, which has proven to generate business valuein a variety of industries. Discussion with end-user companies reveals a consistent list of benefits including reduced time to market, gains in engineering productivity, increased revenue, increased reuse, reduction of redesign activity and more. A review of vendor web sites supports this conclusion with a number of case studies about companies that have seen significant advantages from implementing PLM processes and software solutions. Many of the vendors are now offering collaboration solutions that allow multiple enterprises or locations to participate in a single, coordinated design project for great benefits...