Plm domain what is

Product lifecycle management PLM is an information management system that integrates data, processes, business systems, and, people in an extended enterprise. PLM software allows to manage this information throughout the entire product lifecycle efficiently and cost-effectively: from ideation, design, and manufacture to service and disposal. Information strategy : PLM builds a coherent data structure by consolidating systems. Enterprise strategy : PLM lets global organizations 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 of the product lifecycle. You need to digitalize: weave a digital thread through ideation, realization, and utilization, and make that digital thread of knowledge a proactive agent in driving your business. With a fully optimized digital enterprise, you are better equipped to initiate or respond to innovation.

Set up a single system of record to support diverse data needs, so that the right people see the right information at the right time and in the right context. Events Resources Contact Global English. Change language to:. Marine Shipbuilding innovation to sustainably reduce the cost of developing future fleets Explore Industry. Explore Industry. Global English.

Mobile Search Bar Clear search field Search. Great products come from great companies. The complexities of todays products, business processes, and global environments are more challenging than ever before.

Creating great products demand focus. To succeed, to outperform the competition, you need to optimize the product development processes that will deliver on your business initiatives and strategic goals. To do this, you need the right technology.