A TRADITIONAL DEFINITION OF PRODUCT LIFECYCLE MANAGEMENT (PLM)

According to Gartner, “Product lifecycle management (PLM) is a philosophy, process and discipline supported by software for managing products through the stages of their life cycles, from concept through retirement. As a discipline, it has grown from a mechanical design and engineering focus to being applied to many different vertical-industry product development challenges.”

Many PLM software vendors focus primarily on the earlier stages of hardware development - specifically product design and the handoff to manufacturing. But you should always consider the broader view of a product's lifecycle, which goes beyond traditional PLM to also include Product Information Management (PIM) and more. You should consider the following key capabilities:

With traditional PLM software, manufacturing companies often cite benefits like:

  • Higher engineering productivity
  • Lower product costs
  • Higher product quality
  • Shorter ECO cycle time
  • Less scrap and rework

Propel offers all the core PLM capabilities you expect, but also includes PIM and Quality Management (QMS) and more.

Find out more here: A New Type of PLM