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.
need of plm system
process, where an urgent need for a PLM solution might be felt. The messages of enabling transition of new product design to new product introduction by providing quality parameters, scrap analysis, and manufacturing process information in an iterative approach to refine a product's design for manufacturing characteristics, as the first manageable PLM initiatives, should strike chord with the risk-averse target market (see Can ERP Speak PLM? ). The PLM Market The PLM market, however, covers a wide range