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Product lifecycle management (PLM) software manages data during the development of a product
from inception through the manufacturing, servicing, and disposal processes.
Companies use PLM software to increase productivity and collaboration, improve quality, bolster
creativity, and shorten time to market for a product.
It is used across various industries, helping integrate data and documents, business systems, and
people involved in the product creation process. It allows those involved to systematically track
all the changes a product goes through during its development.
PLM software integrates with a variety of systems including ERP (enterprise resource
planning) platforms and CAD (computer-aided design) tools. It is typically used by multiple users
in an organization, often with varying roles and permissions.
PLM Software can do a lot. It can streamline product development processes, enhance productivity
and create a more effective environment for deploying, implementing and achieving strategic
business initiatives. Following are some key aspects of PLM, provided by Product Lifecycle
Management.
8.0 8.1
Meets Requirements
7.5 7.3
Ease of Use
7.7 6.6
Ease of Setup
8.1 7.6
Ease of Admin
7.4 7.3
Quality of Support
7.7 7.6
Ease of Doing Business With
6.6 7.5
Product Direction (% positive)
Small Business
3.8% 5.3%
(50 or fewer emp.)
Mid-Market
15.4% 10.5%
(51-1000 emp.)
Enterprise
80.8% 84.2%
(> 1000 emp.)
Information Technology and Information Technology and
Services 18.5% Services 21.1%
Telecommunications
Automotive 15.8%
11.1%
Mechanical or Industrial
Industry Reviews Medical Devices 7.4%
Engineering 15.8%
Mechanical or Industrial
Management Consulting 7.4%
Engineering 15.8%
Electrical/Electronic Biotechnology
Manufacturing 7.4% 5.3%
Other 48.1% Other 26.3%
Unique Selling Proposition of Oracle PLM
Oracle defines Enterprise PLM as a strategic approach to managing the lifecycle of a product
throughout its full value chain: from initial requirements gathering through to design,
prototyping, obtaining certification, production, customization, service and retirement.
It unites all the partners in the value chain by providing a single, collaborative software platform
for the development and management of products throughout their lifecycle.
Organizations and departments in all sectors can deploy SAP Business Suite software to address
specific business challenges on their own timelines and without costly upgrades.
The SAP PLM application provides integrated product life-cycle management software - a
single source of all product-related information needed for collaborating with business partners
and supporting processes including product innovation, design and engineering, quality and
maintenance management, and control of environmental issues.