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.
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sourcing and approved vendors list management; design collaboration; 2D and 3D visualization; change management and quality assurance; and others. These are in addition to traditional engineering applications like PDM, computer aided manufacturing (CAM), manufacturing process management (MPM), product regulatory compliance, and computer aided engineering (CAE). In other words, the PLM market is still in its infancy compared to ERP, and therefore, no vendor provides all of the required solutions for a