Product Lifecycle Management (PLM)
Product Lifecycle Management (PLM) embraces support over the entire product life cycle using state-of-the-art IT. Innovative solutions such as 3D visualization, the simulation of individual process steps, virtual product development, and concurrent engineering lead to quality improvements and also to a significant reduction in product development cycle times and product costs.
The implementation of PLM projects requires a review and, in many cases, considerable modifications to the existing business processes.
By implementing PLM strategies consistently, it has been possible to launch new automobile, aircraft, and engineering products to the market in half the normal time.
Even medium-sized companies have been able to post a reduction of 25-30% in time to market following the professional introduction of PLM solutions.
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