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Lecture-10-Product Life Cycle Management (PLM)

Product Lifecycle Management (PLM) is the management of data and processes throughout a product's lifecycle, from design to service. Companies need PLM to address issues beyond manufacturing, enhance collaboration, and improve product quality and market responsiveness. Cloud-based PLM offers real-time updates and collaboration across departments, adapting to the needs of a remote workforce.

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subham baghar
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20 views17 pages

Lecture-10-Product Life Cycle Management (PLM)

Product Lifecycle Management (PLM) is the management of data and processes throughout a product's lifecycle, from design to service. Companies need PLM to address issues beyond manufacturing, enhance collaboration, and improve product quality and market responsiveness. Cloud-based PLM offers real-time updates and collaboration across departments, adapting to the needs of a remote workforce.

Uploaded by

subham baghar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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School of Computing Science and Engineering

Course Code : R1UC704T Name: Enterprise Resource Planning

Topic-10
Product Life Cycle Management (PLM)

Program Name:B.Tech(CSE)
Objective

• What is Product Lifecycle Management (PLM)?


• Why Do Companies Need PLM?
• What is cloud-based PLM?
• The Product Lifecycle and the PLM Process.
• The Lifecycle Stages of PLM

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 What is Product Lifecycle Management (PLM)?


• PLM refers to the management of data and processes used in the design,
engineering, manufacturing, sales, and service of a product across the entire
lifecycle.
• Product lifecycle management (PLM) refers to the management of data and
processes used in the design, engineering, manufacturing, sales, and service
of a product across its entire lifecycle and across the supply chain.
• Product lifecycle management has a long history in the manufacturing space,
but as it stands today, the term generally refers to a software solution and a
broader use case beyond just the manufacturing process.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 Why Do Companies Need PLM?


• Companies that manufacture goods experience a range of issues
outside of the scope of design and manufacturing.
• Product lifecycle management (PLM) mitigates those issues and helps
align and integrate key resources, quickly making product information
accessible to teams across the organization.
• PLM was originally designed to help engineers collaborate on the latest
product designs and control information across the lifecycle of a
product.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 Why Do Companies Need PLM?


• But because their technology stack was on-premise, PLM solutions
focused only on internal employees. Today, product lifecycle
management as a methodology has evolved to include a larger portion
of the organization, including customer service, marketing, sales,
suppliers and partner channels.
• Because of the strong focus on engineering, original PLM solutions
were built with the engineer in mind. Legacy PLM was created to help
engineers increase productivity, accelerate time to market, and lower
product costs.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 Why Do Companies Need PLM?


• Today’s next-gen PLM software includes new benefits of product
lifecycle management across the entire organization and allows for
faster customer responsiveness and greater customer transparency,
greater product quality even for complex products, helping boost
revenue and get products to market faster.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 What is cloud-based PLM?


• Cloud-based product lifecycle management software varies from its
on-premise predecessor in that it creates a single source of truth to
expedite and improve product development, and track data and
processes – all from the cloud.
• Today's cloud PLM software updates product changes, advancements,
and industry compliance as they happen in real-time, allowing for
timely collaboration between all departments in the product
development process regardless of location.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 What is cloud-based PLM?


• The evolving workforce and increase in remote employees require
more robust and collaborative software systems with a better user
experience to operate in today’s business landscape.
• Most new PLM solutions have adjusted to this need and offer multi-
layered communication and process management, allowing different
sites, employees, and partners to collaborate seamlessly no matter
where they are in the world.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 The Product Lifecycle and the PLM Process


In high-level terms there are four stages to a product lifecycle:
• Introduction: Costly and risky, new products that are introduced
to the market can mean low sales, as well as costs from research
and development, consumer reaction, and marketing.
• Growth: The product gains popularity and sales and profits grow.
Marketing increases to maximize benefit.
• Maturity: Product popularity dictates more focused marketing as
well as future predictions for product improvements or changes
to the production process.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 The Product Lifecycle and the PLM Process


• Decline: An inevitable end, decline in product popularity happens
with increased competition, or lack of customer return. Companies
focus on reducing production costs and introduction to less popular
markets.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 The Lifecycle Stages of PLM


• Product lifecycle is the progression of a product through these four
stages and all of the finer grained processes, including inception,
engineering, design, manufacturing, sales and marketing,
distribution, service, and disposal. PLM is the management of that
lifecycle, aligning the people, data, processes, and business systems
that make their entire product portfolio a success.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 The Lifecycle Stages of PLM

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 Design
• ProductPLM brings concurrent capabilities to the table, allowing
design, engineering, simulation, marketing, engineering,
manufacturing, and tweaks to the entire process to run at the
same time.
• When a product is in the design and engineering phase, PLM
allows changes to happen as the design is being tested.
• The ability to design in real-time expedites completion of a final
product, which in turn quickens time-to-market and eventual
profit.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 BOM Management
• Bill of materials (BOM) management is at the heart of PLM. PLM
connects BOMs with accurate product definitions, source
information, manufacturing data, documentation, and pricing.
• The PLM integration of computer aided design (aka CAD systems)
with BOMs improves processes by synchronizing engineering and
non-engineers throughout the design of the product.
• When a CAD system exchanges information with a BOM through a
PLM system, the result is better collaboration, accuracy, and in the
end the one thing we really want, faster time-to-market.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 Engineer-to-Order
• Engineer to Order (ETO) is a specific use case of design in PLM. In
this case, customers are highly involved in the design and
requirements for a product.
• PLM for ETO provides a single, secure, easy-access solution for
providing information to sales, engineering, and operations for
product review, design, and delivery.
• In addition, it includes information that can be shared not just
with engineers, but also with partners, suppliers, and customers.

Program Name: B.Tech (CSE)


Product Lifecycle Management (PLM)

 Production
• Lowering development and production costs, and improving
time-to-market are two of the most important end results of
PLM. Change management, cost management, and supplier
qualification play key roles in these outcomes.
 Distribution and Service
• PLM provides tools and information about distribution and
service of products. Product information management (PIM) is
the phase after the product is manufactured. In order to market
and sell their latest and greatest product, companies need an
effective way to make sure all their sales channels are receiving
and displaying the correct product information.
Program Name: B.Tech (CSE)

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