All that you should know about product lifecycle management

Posted by ornnova on February 15th, 2017

PLM or product lifecycle management is a methodology that can be used to streamline production, operation, and delivery. Many companies in Bangalore use PLM as it has been found to be effective in enhancing performance and improving productivity. CompaniesusePLM software to connect, control, organize, and consolidate data obtained from the various departments of the organization. Based on the information collected, PLM software acts as a platform where all the information is centralized. This vital data can be shared with all the stakeholders, manufacturers, designers, managers, and other departments involved in the project.

Product lifecycle management revolves around 4 phases. They are:

Conceive – It is during this phase that the concept for the product lifecycle is decided. The design is visualized and the specifications neatly listed. Based on these details, the product manufacturing process will begin.

Design – The second phase of PLM focusses on explaining the details of the product design. A team analyzes and validates the data and design to ensure that the process is being taken according to the plan. The tool design is also prepared during this phase.

Realize – In this phase, first the plan for manufacturing is decided. The plan is examined from all sides to ensure there are no problems. Then the actual manufacturing, building, or assembling happens in this phase. After the production is completed, the product is tested for quality.

Service - The processes involved in the third phase of PLM cycle are sales, deliver, after-sales support, maintenance, and disposal.

This sequential flow of process happens in repeated cycles. The important skills required during all of these phases are communication, innovative thinking, planning, analysis, data management, and resource management. So, the project owners should carefully assign resources for each phase of the product management cycle. Some of the techniques used for PLM are industrial design, digital simulation engineering, modular design, and DFMA design for manufacture / assembly

Using PLM, companies in Bangalore have delivered results that have surpassed expectations. Project lifecycle management offers many benefits. Some of the advantages of using PLM software platform are:

• Improved product cycle efficiency
• Reduced production cost
• Better interaction between departments of the company
• Optimized resource allocation
• Better regulatory standard compliance

As there are many benefits in using this software management tool, many companies use PLM software to get better results. Streamline the product manufacturing process and improve results by using the PLM software.