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Keep abreast of the most recent advancements and business advantages of product lifecycle management (PLM) software! Explore articles from 3HTi that provide coverage on news and more.
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PLM or “Product Lifecycle Management” is a process that is used to manage the entire lifecycle of a product, from ideation to disposal. PLM involves the integration of data, processes, and people throughout the product development process. www.3hti.com
The Origins of PLM The origins of PLM can be traced back to the 1980s, computer-aided design (CAD) debuted. CAD software enabled engineers to create and modify 3D models of products on a computer. As CAD software became more sophisticated, a need for a more comprehensive system to manage product information emerged. Product information requires management throughout its entire lifecycle, from initial design to production, sales, and end-of-life. This led to the development of Product Data Management (PDM) systems. www.3hti.com
PLM Today Today, a wide range of industries use PLM, including manufacturing, aerospace, automotive, and consumer goods. Manufacturers and product developers consider it an essential tool. PLM helps designers manage product information, processes, and collaboration across the entire product lifecycle. PLM continues to evolve, incorporating new technologies such as the Internet of Things (IoT), artificial intelligence (AI), and cloud computing to further improve product development and manufacturing processes. www.3hti.com
The Benefits of PLM PLM can help companies reduce time-to- market, improve product quality, and reduce costs by streamlining product development processes and improving collaboration among team members. Benefits include: Improved collaboration Increased efficiency Improved documentation management Better decision-making Improved quality Cost savings www.3hti.com
Improved collaboration PLM systems provide a single source of truth for product data which: Makes it easier for teams to collaborate and share information, thus improving communication internally and externally Maximize supply chain collaboration Reduces errors and rework Accelerates time-to-market Complete integration of engineering workflows Promotes innovation for new products Ability to provide contract manufacturers with access to a centralized product record www.3hti.com
Increased efficiency By automating manual processes and providing real-time data, PLM systems can help companies optimize their product development processes, reduce waste, and increase efficiency. Better decision-making PLM systems provide real-time data and analytics that enable teams to make informed decisions about product design, production, and marketing. This can help companies make more strategic decisions that are aligned with their business objectives. www.3hti.com
Improved documentation management Documentation that can assist in proving compliance for RoHS or Title 21 CFR Part 11 Improved quality By centralizing product data and automating quality control processes, PLM systems can help companies ensure that their products meet quality standards and comply with regulations. www.3hti.com
Cost savings By reducing errors, improving efficiency, and enabling better decision-making, PLM systems can help companies reduce costs associated with product development, production, and maintenance. 3 HTi offers world-class PLM solutions, including software and managed services. Whether you have a PLM system that needs an upgrade or you want to deploy a solution for the first time, our team of experts can help. Contact us for a complimentary discovery session and PLM audit. www.3hti.com
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