Product Lifecycle Management (PLM) is crucial for any company seeking to accelerate the planning and rollout of new products by streamlining all phases and stages of development schedules, reducing costs and meeting customer and market needs in a faster way.
When different teams, such as marketing, engineering and procurement, depend on a multitude of stand-alone systems and spreadsheets to make decisions, PLM can become a challenging task. To make this complex process more streamlined and robust, a single solution is needed that encompasses everything from original product conception through the end of the product’s life and engages the whole organization.
Regardless of your industry or the type of product you manufacture, a product lifecycle solution must contain 8 essential features. Read this eBook to find out what these features are and how they can help to improve overall business performance.