What Does PLM Software Do?
PLM Software can do a lot. It can streamline product development processes, enhance productivity and create a more effective environment for deploying, implementing and achieving strategic business initiatives. Following are some key aspects of PLM, provided by Product Lifecycle Management.
- Manage design and process documents
- Construct and control bill of material (product structure) records
- Provide an electronic file repository
- Include built-in and custom part and document metadata ("attributes")
- Identify materials content for environmental compliance
- Permit item-focused task assignments
- Enable workflow and process management for approving changes
- Control multi-user secured access, including "electronic signature"
- Export data for downstream ERP systems