What is PLM?
Product Lifecycle Management (PLM) helps you manage complex, cross-functional processes, coordinating the efforts of distributed teams to consistently and efficiently develop the best possible products. The PTC PLM software system manages all aspects of the product development lifecycle, from concept through service and retirement. By optimizing product development processes and using a single, secure source of information, you can develop products that are competitive, cost-effective, and high quality.
Benefits of PLM Software
PLM software supports the product development process, to integrate people, processes and systems. It provides a product information “warehouse” for organizations. Primary benefits of PLM software include:
- Faster time-to-market
- Increased productivity
- Design efficiency
- Increased product quality
- Lower cost of new product introduction
- Insight into critical business processes
- Better reporting and analytics
Flexible PLM Software for all Facets of the Product Development Lifecycle
Directly, our PLM system offers significant value to you, by establishing a single system that simultaneously manages both hardware and software deliverables. Our Product Lifecycle Management software also enhances other enterprise systems (ERP, CRM) by enabling the sharing of product information throughout the organization. It may also be integrated with Application Lifecycle Management (ALM) for accelerated software development by delivering smarter, more competitive products faster and more efficiently.
Optimize your product development process with Windchill, our PLM software that offers comprehensive capabilities to help manufacturers with all phases of the product development lifecycle.
Products are changing; they are getting smarter not only on the mechanical side but also on the electrical and the software side, as well as getting connected. Read the Research.
With IoT platform integration and a ‘Closed-Loop Lifecycle Management’, PTC has built cutting-edge, industry-leading technologies to cater to the PLM needs of its customers. With its strong overall performance, PTC has earned Frost & Sullivan‘s 2015 Global IoT PLM Technology Leadership Award.