Product Lifecycle Management (PLM)
Both the product design and the production process of a (new) product involve substantial costs. Wastage of hours, raw materials and other costs are not uncommon here. You can strongly reduce wastage and achieve a shorter time to market with Product Lifecycle Management (PLM). You save money and reduce risks.
The benefits of PLM
As the name suggests, you are always in control of the production and life cycle of your products with Product Lifecycle Management. You always have access to current and historical data. Furthermore, 3D designs and associated relevant information are linked together. PLM software helps you manage:
- Document flows
- Product data
- Product life cycle
Technical, logistical and commercial data come together in PLM. The integration of PLM software in your organisation makes both configure to order and design to order possible.
How does it work?
PLM software brings together CAD, Product Data Management (PDM), and all associated documents and data in a single environment. Important components of PLM are:
- Management of design and process documents
- Automated creation of an electronic file
- Creating and checking lists of parts for production
- Workflow and process management for approving changes
- Documentation of raw materials for compliance with environmental legislation
- Task allocations per component
- Secure multi-user access, including electronic signature
- Exporting data for ERP
PLM avoids duplicate efforts and saves you hours by allowing multiple people to work together in the same documents. In addition, these documents are always current and accessible.
PLM and ERP
While they complement each other, Enterprise Resource Planning (ERP) and Product Lifecycle Management are very different systems. PLM and ERP software do not automatically work together. Infostrait helps you with the ERP-PLM integration within your organisation so that both systems work together properly and to your advantage.