PLM – Product Lifecycle Management

PLM (product lifecycle management) is a solution that manages the entire life cycle of a product, from initial design to withdrawal from the market. It centralizes all technical, R&D and production information.

The stages PLM covers

A PLM supports every phase: ideation and design, development and prototyping, industrialization, production, commercialization and end of life. It provides full traceability of every change made to the product.

The benefits of PLM

PLM speeds up time-to-market, improves collaboration between R&D, production and quality teams, reduces development costs and guarantees regulatory compliance. It matters most in manufacturing industry.

Use case

A car manufacturer uses a PLM to manage the development of a new model. From the first design sketch to the technical specifications of 30,000 components, taking in safety tests and type approvals: everything is tracked in the PLM, letting 500 engineers collaborate efficiently.