Product Lifecycle Management (PLM)
Enhance productivity, shorten time-to-market and cut costs.
Product lifecycle management (PLM) is a strategy for managing and tracking key product information throughout its lifecycle. PLM software integrates with ERP systems and CAD software. PLM solutions help organizations increase productivity, boost collaboration, improve quality and accelerate product time-to-market.
Top Product Lifecycle Management Software Vendors
About Product Lifecycle Management Software
Engineering-intensive companies need the capabilities of product lifecycle management software (PLM) to improve the productivity of engineering resources and reduce the time required to developnew products.
High tech, food and beverage, industrial equipment and automotive manufacturers, among other industries, leverage different types of PLM software in different ways. And Research and development (R&D) teams leverage it to be more innovative and efficient while collaborating with an increasing number of resources.
Whether you are collaborating with the market to create a new cookie flavor, communicating across international time zones to create a prototype, streamlining maintenance on a piece of equipment to analyze the end-of-life data in an engine, PLM products are impactful tools when selected, implemented and used properly.
Most PLM processes start with a request for R&D, and then progress through collaboration, design phases, engineering change control, prototyping, release, production, and use & maintenance through end-of-life.
Enterprise project management and project accounting are critical aspects of PLM software. Teams need to set realistic timeframes and milestones throughout the project, and information from the project needs to flow directly into the financial side to understand costs and set margins.
Internal and external collaboration, such as getting employees, departments and locations aligned, enhances efficiency and takes productivity to the next level by bringing suppliers and customers into the collaboration efforts.
The right PLM software will provide interfaces to computer-aided design (CAD) drawings/data and documentation control or vaulting.
Benefits of Project Lifecycle Management Software
When teams are able to communicate and produce with a common toolset, it eliminates manual efforts such as data collection and input. Having information in one location with easy access from all sides is a major step in reducing a new product’s time-to-market.
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We build a foundation for your transformation by understanding your unique requirements, assessing your current state, showing you what's possible with modern solutions, developing a desired future state and optimizing your core processes.
We guide your company through an unbiased, comprehensive and highly structured process designed to determine your best-fit solution – one that will meet your unique requirements, scale with your business and enable your future vision.
We combine a flexible, proven implementation methodology and exceptional project management expertise to reduce your risk, accelerate time-to-benefit, drive ROI and deliver success.
We combine industry best practices, process maturity-focused projects, software enhancements and your new capabilities to sustain process improvements, close the value circle and ensure you maximize the benefits of your ERP solution.
What our customers are saying...
“I would be pretty scared to evaluate vendors without the help of a partner. There is a lot at stake for your company and the vendor. What is really helpful is Ultra can bring an objective way to evaluate these folks, and they know how to keep them honest." Daniel Hanawalt, United Equipment Accessories
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