Why is PLM used?

PLM can be used to increase output with constant resources, to increase revenues or to reduce the resources used to produce a constant output . This all helps to improve the bottom line. PLM helps organisation to achieve this through: Efficiency improvements.

PLM allows the company not to waste time and effort while the product is going through its lifecycle . PLM can improve the output by: Allowing quick and controlled access to the design information. Collecting reviews from the consumers affected by the information without disturbing the design process.

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 .