| PLM (Product Lifecycle
Management) is a business approach for deriving maximum benefit from
electronic product data during the entire life of the product. The
need for the PLM approach has arisen due to new business challenges
being faced in today's highly competitive market. These include:
- Mass customisation: Intense competition has forced businesses to
achieve differentiation in the market by providing highly customised
products which meet specific customer needs
- Increased outsourcing: The current trend in the manufacturing
industry is to outsource parts or operations from specialised
vendors who provide more cost effective and / or quality products
than those manufactured in-house.
- Globalisation: Business alliances have to be forged on a global
basis to derive maximum benefit from location advantages like cost,
quality, proximity to raw material or markets.
These factors have driven the need for better utilisation and
management of any product related data, across the supply chain and
throughout the lifecycle of a product.
Solid Edge Insight> Provides a
dedicated product design management solution that delivers a
standardised, pre-defined solution for workgroups using Solid Edge
Teamcenter Express> Provides
collaboration across multiple departments and over multiple sites,
support for multiple CAD systems and additional workflow
capabilities to manage product release and ECO's
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