Understanding Product Data Management (PDM) What is PDM? PLM becomes the backbone of a company’s digital transformation. Since every department uses PLM, it becomes the ideal foundation for the company’s digital transformation and the most complete repository of product information and history. Engineering uses it to manage BOMs, product development processes, time to market and cost objectives, as well as new product introductions and product retirements and replacementsĪccounting, order management, customer service, and industrial engineering will also find PLM to be an ideal repository for the information they need for efficient performance.Field service can access as-built/as-maintained info by serial number.Manufacturing uses it for BOMs, routings, serialization, and change orders.
Procurement manages supplier and cost information.QA processes CAPA, complaints, and change management.PLM is most often used in manufacturing or other product-centric industries, and nearly every department in these organizations can benefit from using a PLM solution. PLM is the repository for all the required data in the digital thread. The breadth of data PLM manages makes it ideal as the backbone of a company’s digital thread because it minimizes the number of applications that must be accessed to provide the complete thread. Since it covers such a broad swath of the company’s operations, PLM has an extensive data model, which encompasses all or most of the product-related information included in ERP, CRM, SCM, EQM, field service, MES, OM, and other enterprise applications. PLM-product lifecycle management-is an enterprise-wide solution. Instead, it focuses on a company’s products and manages the information about each product from the initial idea, through design, production, and service, and even to replacement or sunsetting of the product or version. It is an enterprise-level solution, like ERP or CRM, but unlike other enterprise solutions, it doesn’t focus on business processes. PLM stands for product lifecycle management. Understanding Product Lifecycle Management (PLM) What is PLM? Here’s how to understand the differences and decide which one to choose when it comes to PLM vs. Some assume the acronyms are simply different names for the same thing-but they serve very different functions.
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