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Product lifecycle management is an integrated, informationdriven
strategy that speeds the innovation and launch of
successful products. It is built on common access to a single
repository of all product-related knowledge, data and processes.
As a business strategy, PLM lets distributed organizations
innovate, develop, support and retire products as a single entity.
It captures best practices and lessons learned, creating a
storehouse of valuable intellectual capital for re-use.
As an information technology strategy, PLM establishes a coherent
data structure that enables real-time, virtual collaboration and
data sharing among geographically distributed teams. PLM lets
companies consolidate multiple application systems while
leveraging existing investments during their useful lives.Through
open APIs and adherence to industry standards, PLM minimizes
data translation issues while providing users with information
access and process visibility at every stage of the product’s life.ng ease of use.
Investment initiatives pave the way to transformation
Regardless of your industry, key product-centric business initiatives
represent the best opportunities for transforming your process
of innovation.They are:
New product development and introduction
Design, simulate, validate and manufacture innovative products
by establishing real-time, global collaboration capabilities for the
people and processes involved in your R&D, product planning,
development and launch activities.
Value chain synchronization
Respond effectively to global demand by optimizing the exchange
of ideas, as well as product and process information, among all
players that participate in every stage of your value chain.
Enterprise data management
Leverage your physical and intellectual assets for greater
competitiveness by managing and providing secure access to
critical product and process data over the life of a product.
Commonization and re-use
Create efficiencies and foster best practices from engineering to
manufacturing, purchasing and sourcing, marketing and support
by re-using proven parts, assemblies, equipment and processes.
Knowledge and IP management
Continually improve product and process development
by capturing and automating the knowledge of your expert
Mitigate risk and achieve compliance by ensuring adherence
to environmental, safety, financial and governmental regulations
early in the design cycle and by automating data collection
Increase production flexibility, performance and quality by
integrating product design with process design and production
information in your manufacturing best practices.
System engineering and mechatronics
Optimize product performance, integration, quality and reliability
through analysis of interdependent mechanical, electrical and
software subsystems, constraints and components.
Siemens PLM Software is making considerable investments in
these initiatives to support every customer’s transformation
strategy. Start down the road to innovation by selecting the
initiative that promises the greatest near-term value to your
company.Over time, you will want to address all eight initiatives
to achieve the full promise of PLM.
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