What Is Product Lifecycle Management Software?
In short: product lifecycle management software allows you to track a product from the very beginning of your process to the very end.
PLM software centralizes and integrates data, processes, workflows, teams and systems across your business in order to provide a single source of truth about your product lifecycle.
The objective? To use that clear and accessible data source throughout your operation to improve processes, enhance collaboration and inform product ideation, procurement and production.
So, instead of chasing down data, working around siloes or struggling with disconnected teams, product lifecycle management software allows you to optimize your entire process, reduce costs and accelerate growth.
The Benefits of PLM Software
With the right PLM software, you can:
Streamline processes—increasing efficiency and productivity
Bring new products to market quickly and cost-effectively
Improve agility and responsiveness to new consumer demands or trends
Reduce compliance risks with easy access to relevant data
Gain visibility and control of costs throughout your product lifecycle
Eliminate inefficiencies and focus on what’s most important—growing your business
And, best of all, choosing PLM software with functionality tailored to your industry means you can unlock these benefits more quickly, without customizations or compromises.
We’ve got the specialized industry software to help your organization thrive.