What is Product Lifecycle Management (PLM)?

Product Lifecycle Management (PLM) encompasses the people, processes and tools used to manage a product and its associated information from concept to end of life.

The discrete stages of a product lifecycle management process may be defined as:

Throughout these stages, product data is generated and distributed to stakeholders within and outside of an organization. Within the organization, these stakeholders typically represent engineering, operations, procurement, manufacturing, document control, quality, regulatory, marketing and others. External stakeholders include a company’s suppliers, contract manufacturers and design partners.

What is PLM Software?

Product Lifecycle Management (PLM) software enables product companies and their partners to collaboratively define, maintain, and securely share product and compliance information from concept to end-of-life.

Arena in the PLM Software Landscape

Arena Solutions enables small and mid-size manufacturers to deliver quality products to market on time and on budget. Arena provides a collaborative environment for centralizing, controlling and analyzing complex and constantly changing product information, including bills of materials (BOMs), part specifications and change orders.

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The repository for the product record, Arena sits at the epicenter of the broader product lifecycle management (PLM) landscape, connecting with systems like CAD, EDA, PDM and ERP and linking organizations with their supply chains. With its on-demand, software-as-a-service (SaaS) approach, Arena is a low-risk, rapid-return proposition that makes enterprise-class functionality available to companies that would otherwise have to contend with manual, time-consuming and error-prone product data management processes.

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