With a PLM solution in place, a company has the ability to automate, monitor, and track product development and revision processes with their customers, suppliers, and employees amid the increasing pressures of mass customization, globalization, regulatory compliance, outsourcing, and product accountability, which are just some market driving forces.
to users across different functional groups touching the NPDI process. A PLM with this approach is designed to take data from various systems and thus provide a mechanism for sharing all the different kinds of data required in product development (including Microsoft Excel , Word , proprietary forms, CAD drawings, non-CAD graphics, quality data, etc.), format it into an easily understandable presentation, and let users make changes, which then update the source system. This process helps companies to