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Top manufacturers are always looking for ways to innovate faster and meet customers’ evolving needs in today’s highly competitive market. This involves keeping product teams and suppliers aligned when it comes to design and process changes that may impact product launches.
As teams become more dispersed, having a single source of truth to manage all of your product data and processes is critical to your success. This is where cloud-based product lifecycle management (PLM) software can help.
Making the switch to PLM software may seem daunting, especially if you’re accustomed to using spreadsheets and other conventional systems.
In this guide, we walk you through the fundamentals of PLM and reveal how PLM software can help transform your business.
You will learn:
- The differences between PLM and product data management (PDM) and why PLM is the more comprehensive approach to managing new product development and introduction (NPDI)
- The key elements of PLM software and how it helps streamline your processes
- Things to consider when implementing PLM software