PLM redefines each phase in product lifecycle

In today''s world of complex manufacturing, companies are looking for unique manufacturing methods that will differentiate them from their closest competitors, allowing them to enjoy sustained margins. The issues companies face range from difficulty in estimating, purchasing, building, testing, shipping, on-site tryout, debug and final commissioning. Such variability also makes it difficult to coordinate multiple subassemblies with the schedule of the main assembly so that parts and assemblies arrive at the right stage of production at the correct time. Manufacturers aim to stay competitive over a sustained period of time. PLM (product lifecycle management) can be defined as an information strategy. It builds a coherent data structure by consolidating systems. You can also call PLM an enterprise strategy. It lets global organisations work as a single team to design, produce, support and retire products, while capturing best practices and lessons learned along the way. Product lifecycle management redefine businesses to make unified, information-driven decisions at every stage in the product lifecycle. The solutions establish a cohesive platform to optimise relationships along the lifecycle and across organisations, maximise the lifetime value of your business'' product portfolio and set up one single system of record to support diverse data needs. Planning, manufacturing productivity PLM help organisations increase both planning and manufacturing productivity resulting in production optimisation, cost reduction and the ability to efficiently reconfigure manufacturing systems to meet the changing market demands. Product lifecycle management allows for the rapid creation and exploration of alternate product assembly/disassembly sequencing in order to modify planning task and save time in creating assembly documentation. "PLM solutions have grown to become an integral part of an enterprise business strategy." It can significantly reduce the time required for a simulation study, allowing for the evaluation of various whatif scenarios involving the simulation of humans in a manufacturing or maintenance environment. Product designers, as well as manufacturing engineers can leverage powerful search and analysis functions to examine and compare quality data from various plants and thus producing an optimal product and process. PLM help companies make the best of their manufacturing processes with software tools designed to maximise the productivity of existing lines and facilitate the commissioning of new ones. It enables companies to boost manufacturing productivity in several other areas of the manufacturing environment, such as factory layout and space consumption, manual workflow processes and material flow. Need for PLM solutions PLM offers a unique value proposition for enterprises during both good and rough times.Through its ability to enable innovation and speed to market, PLM provides enterprises with a competitive edge by helping to bring products to market faster than before and getting things done right the first time around, thereby optimising their already strained budget. PLM solutions have grown to become an integral part of an enterprise business strategy that allows enterprises to digitally develop, manage, and reuse product information from ideation to retirement, thereby netting more business value from every product and process. Business strategy In order to meet the dual goals of revenue growth and cost control in a global environment, machinery & industrial product manufacturers must be able to peer across the value chain and manage all the relevant information about their products. This is when PLM solutions come into the picture once more by helping companies utilise modularisation, standardisation and re-use strategies, as well as knowledge driven processes to stay ahead of the curve. Product lifecycle managemNike Tiempo Legend