The product development life cycle - innovate, conceptualize, plan, design, procure, produce, deliver, service, and retire - naturally includes multiple people, operating in multiple departments, and typically from multiple companies, each with locations in multiple countries around the world. Solving inherent difficulties that result from managing this complexity are the raison d’être for PLM solutions.
solutions available today, including Formation Systems, OSIsoft (through their acquisition of Sequencia), Prodika, Selerant, Siemens, QSA (and their North American distributor MMI), ASD and Sopheon. With a release of its Recipe Manager product, the ERP giant SAP has also joined the market with a starter product and extensive vision. In addition, Oracle has applied some of their process expertise to their new PLM solutions. For more info, see Product Life Cycle Management (PLM) in Process; Part 1 Proven