"PLM ( Product Lifecycle Management) is a
strategic business approach that applies a consistent set of business
solutions in support of the collaborative creation, management,
dissemination, and use of product and plant definition information
across the extended enterprise from concept to end of
life-integrating people, processes, business systems, and
information. PLM creates and manages the digital product or plant and
provides an information backbone for a company and its extended
enterprise."
It is not very difficult to understand PLM. As the
name itself says, its all about the lifecycle of a product. PLM is
like a book which consists the story of a product's life to death
information. In an industry it is the process of supervising the
entire lifecyle of a product from its abstract idea, design,
production, and service to disposal.
How does the PLM work and what are its major benefits?
As far as the benefits of the PLM are concerned,
How does the PLM work and what are its major benefits?
It is like a company
which gives a 'Head Line' and the techies will develop a 'Story' for
it. In the same way if a company gives a concept of a product and the
PLM team works on it, they research, they advise, they design the
product, they prepare modules, they help you debug errors and they
also help you dispose the product.
As far as the benefits of the PLM are concerned,
- It saves Time
- Cost of production is cheap.
- PLM Enures Product Quality
- Satisfaction
- Generates RevenueTo know more about PLM visit Panso.
