Identifying trends in PLM software

Identifying trends in PLM software

Date: Nov 19, 2013

The process of managing the evolution of a product from idea to production can be challenging. With product lifecycle management (PLM), people, data and processes need an open line of communication.

Andreas Lindenthal, managing partner at PLMadvisors, a consulting firm that specializes in new-product development and PLM, discusses PLM software in this presentation.

Lindenthal defines PLM and explains its benefits, including integrating people, data and business systems. PLM also allows stakeholders to collaborate on a consistent set of information throughout the product lifecycle.

Other topics include the growing acceptance and popularity of PLM. Tune into this presentation to learn more about current trends in the PLM software space and what to expect next.

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    Definition - The product lifecycle, in a marketing context, is all the stages of a product's life span that are related to its promotion and sales. The marketing lifecycle is traditionally broken down into four stages: introduction, growth, maturity and decline.
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    Definition - The product lifecycle is the collective stages that a product goes through from its conception and design through to its ultimate disposal. The lifecycle stages are generally categorized as beginning-of-life (BOL), middle-of-life (MOL) and end-of-life (EOL).
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    Definition - Product lifecycle management (PLM) is a systematic approach to managing the series of changes a product goes through, from its design and development to its ultimate retirement or disposal. PLM software can be used to automate the management of product-related data and integrate the data with other business processes.
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