Product lifecycle management competitive technology solution

International Journal of Product Lifecycle Management, 2010

This paper is a result of comprehensive consultation among the authors, with the scientists and leading actors in the area of PLM, which is a reference term for a list of phenomena currently ongoing in the industrial community. This paper discusses the pervasive concept of product lifecycle management (PLM), starting from its history to its constituent elements and its role in the current industry. The authors propose and elaborate their vision for the future steps of the PLM in terms of emerging issues and topics that industrial practitioners and researchers need to address.

While most SMEs in general are willing to invest into PLM systems, many are still apprehensive to the sometimes large initial investment to be made in terms of both software cost and the time needed to implement and integrate such system into their digital enterprise technology infrastructure. In light of this, it is crucial for their decision makers not only to understand the current PLM market, but also to become familiar with emerging trends and future developments in order to select a PLM solution that best fit the needs of their enterprise. In this chapter, the authors summarize a detailed analysis of the PLM market with the aim to provide educators, students, and decision makers in industry with an overview of the current PLM market as a whole. In addition, emerging trends and future developments are addressed.

2005

ABSTRACT Competitive success of manufacturing firms is by and large determined by the success of the products they introduce to the market. This is why companies continuously try to improve the efficacy of their product realization process. Product Lifecycle Management (PLM) is a business solution which aims to streamline the flow of information about the product and related processes throughout the product's lifecycle such that the right information in the right context at the right time can be made available.

2005

In this paper, we provide an overview of the changing design and manufacturing landscape in the 21 st century that has come about because of the arrival of IT and the changing global conditions. Based on this overview and a review of the current state of IT for PLM support in the design and manufacturing sector, we identify the areas of need for standards. A review of areas covered by standards leads us to the development of an initial typology of standards and a potential path for bringing convergence of these standards in support of PLM. We make a case throughout the paper that given the nature of the task we need to aspire to create open standards with wide participation. We conclude by arguing that there is an important role to be played in this context by institutions such as NIST as a neutral party in the standards debates and implementations.

International journal of engineering research and technology, 2018

Product lifecycle management (PLM) is the process of managing entire life of a product, starting from innovative ideas, concept, design, raw material procurement, manufacturing, production activities, process, quality inspection, marketing, customer feedback implementation, service up to end life of that product, sometimes even after expire of product and it is a strategic business approach for the effective management and use of corporate intellectual capital. PLM describes the engineering aspect of a product from managing descriptions, properties of a product through its development and useful life. PLM is not just about technology, it is a strategic business approach that includes innovation around products and processes. As a methodology, PLM integrates people, data processes and business systems, while provides a product information backbone for companies and their extended enterprise. In the present scenario PLM plays very vital role in manufacturing sector as well as in the service sectors. Several authors have discussed about PLM using a managerial or technological view. Through this paper an attempt was made to review literature on PLM definition, structure, analysis, strategies, implementation and applications.

IJART, 2012

Advances in information and communication technology (ICT) have opened new possibilities of collaborations among the customers, suppliers, manufactures and partners to effectively tackle various business challenges. Product Life Cycle Management (PLM) has been a proven approach for Original Equipment Manufacturers (OEMs) to increase their productivity, improve their product quality, speed up delivery, and increase their profit and to become more efficient. However, their Tier 2 and Tier 3 suppliers like foundry industries are still in their infancy without adopting PLM. Hence to enhance their understanding, the basic concepts, the tools and strategies for PLM are presented is this paper. By selecting and implementing appropriate PLM strategies in a small foundry, an attempt was also made to understand the immediate benefits of using PLM tools (commercial PLM software and digital manufacturing tools). This study indicated a reduction in lead time and improved utilization of organizational resources in the production of automobile impeller. These observations may be further extrapolated to other multiproduct, multi-discipline and multi-customer companies to realize the advantages of using PLM technology

Journal of Industrial …, 2010

Product lifecycle management through innovative and competitive business environment 323 Abstract: Product Lifecycle Management (PLM) is the process of managing the whole life cycle of a product starting from generating an idea, concept description, business analyzes, product design and solution architecture and technical implementation, to the successful entrance to the market, service, maintenance and product improvement. At present, a wide range of stakeholders including consumers, regulators, shareholders and public bodies are demanding that companies address product management through all life cycle in a more comprehensive and sustainable way. However, even if a company actually wishes innovate its processes for improving the way to account for project management, it will face relevant difficulties to deal with different guidelines, tools and methods currently addressing the matter from various points of view. The purpose of this paper is to review literature on PLM from an operational point of view with the objective to help companies to answer to the main market needs.

Springer eBooks, 2017

In order to reduce product development (PD) costs and duration, PD cycles are being accelerated in order to reduce the time to market and satisfy the end customer needs. Another key challenge in PD today, is product diversification in the technologies used, requiring improved collaboration amongst local and dispersed multi disciple PD teams. A main stream tool that aids and support engineers in PD to collaborate and share information / knowledge is Product Lifecycle Management (PLM). This research explores the benefits and requirements of implementing a PLM system for a PD and manufacturing company within the automotive supply chain. This paper first provides a brief background of the subject area, followed by an explanation of the initial industrial investigation for the implementation of a PLM system, from which investigation the resulting conclusions and recommendations are presented as the building blocks of the implementation project.

2012

The need for close and effective collaboration in creating innovative products requires the integration of business and technical information systems. Efficient new product development is hard to imagine out of PLM (Product Lifecycle Management) strategy and contemporary software solutions. The paper will present some results of the implementation of PLM strategy in the new product development process in a chemical company, that has a very wide production programme structure with numerous product variations, sizes, packaging, labels, etc. and exports it's products to most of countries in the region. The paper will also propose the possible model and the methodology of the implementation according to the organizational structure of the company and the product development phases using Siemens Teamcenter Software. In the conclusion, authors will discuss about advantages and possible obstacles of the implementation.

IFIP Advances in Information and Communication Technology, 2017

In order to reduce product development (PD) costs and duration, PD cycles are being accelerated in order to reduce the time to market and satisfy the end customer needs. Another key challenge in PD today, is product diversification in the technologies used, requiring improved collaboration amongst local and dispersed multi disciple PD teams. A main stream tool that aids and support engineers in PD to collaborate and share information / knowledge is Product Lifecycle Management (PLM). This research explores the benefits and requirements of implementing a PLM system for a PD and manufacturing company within the automotive supply chain. This paper first provides a brief background of the subject area, followed by an explanation of the initial industrial investigation for the implementation of a PLM system, from which investigation the resulting conclusions and recommendations are presented as the building blocks of the implementation project.