Long-term competitiveness through product lifecycle management

Product lifecycle management (PLM) is a strategic concept for managing all information arising throughout the entire product lifecycle: from developing ideas, determining product and market requirements, product development, and manufacturing through to controlling, sales, service, disposal, and recycling. PLM is an interplay of supporting software, methods, processes, and organizational structures. When implementing a PLM concept, the networking of departments and IT systems plays a crucial role. Besides technical data, commercial and project-specific data are also relevant in this context. Involvement of suppliers in the product development process and compliance with international laws and regulations, for example with regard to the traceability and documentation of any changes, also need to be taken into account. PLM can sustainably strengthen the competitiveness and innovative power of your company.