Cloud PLM software enables manufacturers to effectively manage all data and processes associated with new product development and introduction. It brings the entire product record (i.e., assemblies, drawings, parts, requirements, etc.) into a unified, controlled system, enabling product teams and supply chain partners to collaborate in real-time on the latest designs. By automating processes such as engineering changes, BOM management, and project management—the entire product team can speed the design, development and production of new products, while driving continuous improvement.
Cloud PLM provides a controlled and automated way to manage product and quality processes throughout the entire product lifecycle. By bringing together the key elements of the product record into one shared platform, it eliminates data silos, errors, and communication gaps. This enables dispersed product teams and supply chain partners to work more efficiently and drive faster product launches.
Product lifecycle management is the process of managing all data and processes that are tied to the product record—from concept through design, development, and production. Product lifecycle management enables manufacturers and their supply chain partners to streamline product development and drive continuous improvement.
The four stages of the product lifecycle are:
Read our best practice article to learn everything you need to know about product lifecycle management (PLM).
