PLM (Product Lifecycle Management)
product lifecycle management
Provide the context, security, traceability, and processes needed across enterprise teams and systems to ensure product data is accessible and trustworthy
what is PLM?
Product lifecycle management software enables geographically-dispersed, multi-disciplinary, teams to strategically collaborate with partners and customers using trusted, up-to-date product information.
Product lifecycle management is the foundation for the digital thread, delivering supply chain agility and business continuity. Data governance and traceability provided by product lifecycle management enables organizations to drive down costs, accelerate time to market, and deliver the highest levels of quality and compliance.
Build a foundation for a wide range of new revenue and cost-saving opportunities with PTC’s out-of-the-box applications. Seamlessly integrate our PLM system with ERP, MES, CAD, AR, IoT technologies, and more.
A PLM-enabled framework for discrete manufacturers
For discrete manufacturers, the digital thread begins in the engineering department. This is where mechanical/electronic components and embedded software data are linked with traceability to requirements, simulations, certifications, BOMs, process plans, and MBSE. This information, along with its derivatives, needs to be leveraged bi-directionally, across teams and systems; including service, manufacturing, IT, and quality, among others.
With a PLM system in place, you create the foundation for the digital thread and provide all required stakeholders with access to the real-time data they need, when they need it.
Today’s groundbreaking products are more complex than ever before. Innovative new designs must leverage a combination of mechanical, electrical, software, and connectivity – requiring a robust, multidisciplinary approach to product development that starts as far back as defining requirements. To beat the competition, today’s cutting-edge products must be released to market faster, with better quality, at a lower cost, and with more desirable features.
These demands require companies to improve collaboration across more of the organization throughout the product’s lifecycle. And when a product is smart and connected, the data generated throughout its lifecycle no longer ends once the product is shipped. New Internet of Things technologies enables companies to capture and leverage information about a product’s performance during operation – with the potential to dramatically improve existing and future products.
what is green engineering?
Today’s manufacturers make decisions that can have a significant impact on the future of the environment and the people within it. Some solutions enable ‘eco-friendly’ product development processes which lessen an organization’s carbon footprint.
Green Engineering is the practice of leveraging PLM data not only to help calculate the C02 footprint of a product but also to evaluate design and supply chain decisions with sustainability in mind.
PLM for green engineering?
Utilise the digital thread to make design decisions that support your sustainability initiatives. By combining design and engineering data from PLM with real data coming from the physical world via IoT, engineers can take into consideration the environmental impact of the processes and materials used to create the product. With PLM for green engineering, you can maximize the value you deliver while minimizing waste.
why is sustainability important in engineering?
A great sustainability strategy requires real actions. When designing a product, engineers must take into consideration the environmental impact of the processes and materials used.
In addition to the social and environmental good they generate, green strategies can also have tremendous business benefits including:
- Reduction of raw materials and energy consumption
- Increased top-line and bottom-line recycling and reuse programs
- Ability to compete in markets with increasingly comprehensive and strict environmental, health, and safety regulations
- Improved brand reputation and goodwill
- Improved company culture and employee engagement