Overview & Application
Home > Technologies/Products > Product Lifecycle Management (PLM) > Overview & Application
Overview & Application
PLM (Product Lifecycle Management) is a strategic business approach that applies a consistent set of business solutions in support and enhancement of the collaborative creation, management, dissemination, and use of product definition information across the extended enterprise.
PLM forms the product information backbone for a company and its extended enterprise and as such not only provides real feedback for important and confident decision-making, but also protects and documents the enterprise’s intellectual property. The core of PLM is in the creation and central management of all product data and the technology used to access this information and knowledge. PLM as a discipline emerged from tools such as CAD, CAM, CAE and PDM, but can be viewed as the integration of these tools with methods, people and the processes through all stages of a product’s lifecycle.
Three core or fundamental concepts of PLM are:
- Universal, secure, managed access and use of product definition information
- Maintaining the integrity of that product definition and related information throughout the life of the product or plant
- Managing and maintaining business processes used to create, manage, disseminate, share, and utilize the information
While information includes all media (electronic and hardcopy), PLM is primarily about managing the digital representation of that information.
See PLM Products Here:
PLM encompasses significant areas of processes. It goes well beyond program and project management to embody all the processes required to manufacture the product or plant, operate it in the field, and manage its disposal or decommission at the end of its useful lifecycle. PLM solutions help define, execute, measure, and manage key product-related business processes. Manufacturing and operational process plans are also now viewed as an inherent part of PLM. Processes, and the workflow engines that control them, ensure complete digital feedback to both users and other business systems throughout each lifecycle stage providing invaluable information. The overarching goal of PLM is to eliminate waste and improve efficiency in the enterprise. PLM is considered to be an integral and essential part of the lean production model.
A PLM Platform is a “business experience platform.” It provides software solutions for every organization in your company – from marketing, to sales, to engineering – that help you, in your value creation process, to create differentiating consumer experiences. With a single, easy-to-use interface, it powers tailored Industry Solution Experiences – based on 3D design, analysis, simulation, and intelligence software in a collaborative, interactive environment. It is available on premise and on cloud.
D2M offers industry-leading applications delivered on a collaboration platform: Design & Engineering, Manufacturing & Production, Product Simulation & Analysis, Governance & Lifecycle, 3D Design Experience for Professionals, as well as a broad catalog of PLM services.