Product Lifecycle
Product Lifecycle Management
Product Lifecycle Management (PLM) is the process of managing complex product information, engineering and manufacturing workflows, and collaboration of people in an extended enterprise. PLM software allows you to manage this information throughout the entire lifecycle of a product efficiently and cost-effectively from ideation, design and manufacture through service and disposal.
The primary goal of PLM is to coordinate the information, processes and people associated with the lifecycle of a product. Doing so entails many benefits such as fewer production errors, fewer cycle iterations and, ultimately, increased speed to market.
PLM can be viewed as both an information strategy and as a business strategy. As an information strategy, PLM builds a coherent data structure by consolidating systems. As a business strategy, PLM lets global organizations, regardless their location, work as a single team to design, produce, support and retire products while capturing best practices and lessons learned along the way. PLM empowers your business to make unified, information-driven decisions at every stage in the product lifecycle.
BENEFITS
- Accelerate time-to-value –> Reduce time to market
- Improve product quality
- Reduce prototyping costs, change requests and waste
- Savings through the re-use of original data
- A framework for product optimization –> Minimize process delays and bottlenecks by designing and defining workflows along with tasks, gates and milestones
- Savings through the complete integration of engineering workflows
- Improve strategic decisions with central “library” for all product data
- Give employees access to the right data on the right time for strategic and full informed decisions
PTC Windchill
In Windchill, PLM meets IoT and AR. PTC Windchill makes it easier than ever to get product data into the hands of stakeholders who need it most. With PTC’s industry-leading PLM solution, data from various enterprise systems can be consolidated for easy multi-system data orchestration. PTC’s core PLM capabilities are coupled with the innovation of IoT and augmented reality for design review. With rapid access to information, teams are able to work faster – reducing time-to-market and cutting costs – all while making sure that you are able to focus on doing what you really want to do: innovate.
PTC comes out ahead in Forrester’s 20-criteria evaluation of PLM solution providers. Among seven evaluated providers, PTC’s Windchill 11 was top-ranked in the current offering category. Whether your organization is a global conglomerate, a regional supplier, or a small service bureau, you face many obstacles trying to manage product content and development processes. The fact is, your company’s success relies on having efficient business processes and effective development of complex information assets, including product designs, service documentation, and regulatory submissions.
Windchill, PTC’s Product Lifecycle Management (PLM) software for managing product content and processes, offers a powerful, proven solution. Fast, secure, and Web-based, this business collaboration software enables companies to streamline product development processes and deliver superior physical goods and information products.
