Ten Commandments Of PLM
It’s widely recognized that Product Lifecycle Management (PLM) brings benefits in four main areas:
- Financial Performance - for example, PLM should lead to increased revenue from earlier market introduction of products, and to reduced product development costs
- Time Reduction - PLM should, for example, reduce project overrun time, and reduce engineering change time
- Quality Improvement - PLM should help, for example, to reduce manufacturing process defects, reduce the number of returns and recalls, and reduce the number of customer complaints
- Business Improvement - for example, PLM can lead to an increase in the innovation rate, increase the part reuse factor, increase product traceability, and ensure 100% configuration conformity
