What is a PLM system and why do companies use it?
A PLM system is software that manages product information and changes from idea and design through production and service. It is used so engineering, manufacturing, and supply chain teams all work from the same product data and version history, reducing errors and time‑to‑market.
Typical modules include -
- Product Data Management (PDM)
- Bill of Materials (BOM) Management
- Document Management
- change and revision control
- Design Collaboration
- Compliance tracking
- Integration with CAD & ERP
Top 10 global players
- Siemens Teamcenter
- PTC Windchill
- Dassault Systèmes
- ENOVIA
- SAP PLM
- Oracle Agile PLM
- Autodesk Fusion/PLM 360
- Arena PLM
- Aras Innovator
- IBM Engineering Lifecycle tools
- Infor PLM
Author
Himanshu Gupta