AMR Research estimates that the market for PLM software and services will surpass $20B yearly spend by 2012. Vendors expect better than 10% growth annually. So whatever it is, it's big. How should you- the customer investigating the purchase and implementation of PLM software- characterize the domain when making buying decisions and justifying them to management?
Here's an easy and complete definition for you:
PLM technology refers to the group of software applications that create and manage the data that define a product and the process for building the product.
Beyond just technology, PLM is a discipline that defines best practices for product definition, configuration management, change control, design release, and many other product and process-related procedures.
It's easy to confuse the discipline with the technology that enables it in your definition of PLM, as we in the industry tend to use the terms interchangeably, when you ask "What is PLM?"
At Total PLM, we'll work to clear things up for you. We focus on helping you employ PLM technology to implement these best practices and generate business value for your company. Our primary topics include:
- Reviewing the major PLM authoring and management applications, discussing how they are used, and investigating the value they bring to your business
- Exploring the place of PLM in the enterprise software domain alongside ERP, SRM, and CRM (among others)
- Advising when (and how) to use vendors, consultants, and analysts to help you overcome operational impediments in your business and get the most from your PLM investments
Figuring out what is PLM does not have to be difficult for you. Remember that Product Lifecycle Management technology was designed and built to make your work easier and more productive. When properly implemented, your PLM definition will align with for your business so that the systems are tailored to meet your goals and objectives within your specific product development environment.
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