Product Lifecycle Management (PLM) Software

Product Lifecycle Management (PLM) Software Overview

Product Lifecycle Management (PLM) software provides businesses with the opportunity to manage all of their data and information processes for worldwide supply chains at every step of a product design or service lifecycle. PLM provides businesses and supply chains with all the necessary data about items, parts, products, documents, requirements, engineering change orders, and workflows.

As PLM Software becomes increasingly more important in a globalized economy, it continues to be adapted and tailored to meet the needs of a variety of different industries. PLM Software’s original intent was to support engineers’ collaboration on their latest product designs and control the information lifecycle. Yet today, PLM Software provides services to support a much larger percentage of an organization, including customer service, marketing, sales, suppliers, and partners.

The support PLM Software provides businesses is crucial in promoting increased productivity, creativity, and collaboration. Other benefits include improved quality, and regulatory compliance, as well as shortened product production times.

Top Rated Product Lifecycle Management (PLM) Products

TrustRadius Top Rated for 2022

These products won a Top Rated award for having excellent customer satisfaction ratings. The list is based purely on reviews; there is no paid placement, and analyst opinions do not influence the rankings. Read more about the Top Rated criteria.

Product Lifecycle Management (PLM) Software TrustMap

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Product Lifecycle Management (PLM) Products

(1-25 of 49) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.

Arena PLM and QMS

Arena PLM and QMS

Customer Verified
Top Rated
TRUE

Arena, a PTC business, helps companies to design, produce, and deliver innovative products quickly with a unified cloud-based PLM and QMS platform. Arena understands modern product companies rely on distributed teams and global supply chains to develop products, ensure regulatory…

Teamcenter

Teamcenter

Customer Verified
Top Rated

Teamcenter® software is a product lifecycle management (PLM) system that connects people and processes, across functional silos, with a digital thread for innovation. The vendor states the breadth and depth of the Teamcenter portfolio mean that users can solve more of the tough challenges…

Oracle Agile PLM

Oracle acquired product lifecycle management specialist Agile in 2007. The product Agile PLM (now also known as Oracle Enterprise PLM) is owned and supported by Oracle. The product suite is modular and includes product data management, engineering collaboration tools, and other quality…

PTC Creo

PTC offers Creo, the company's line of computer-aided design (CAD) products that support the product lifecycle management (PLM) process with 2D and 3D design kits (Creo Elements and Creo Direct), an augmented reality module, Creo Illustrate for technical illustrations, Creo Sketch,…

Roadmunk

Roadmunk is a roadmap visualization platform that is designed to enable product managers and their teams to communicate the strategic roadmap throughout their organization. The vendor says product leaders can easily input milestones, roadmap data and create unlimited pivots in real…

PTC Windchill

PTC offers Windchill, the company's Product Lifecycle Management (PLM) platform that includes BOM (a digital bill of materials) for cost and product quality control via parts-centric source of truth, dynamic and updated product change and configuration management to ensure up-to-…

SAP PLM

SAP PLM is one component of the SAP Business Suite which also includes ERP, CRM, SCM, etc.

OpenBOM

OpenBOM is a digital network-based platform that manages Product data and connects manufacturers and their supply networks from the company of the same name in Boston. OpenBOM enables users to share and collaborate data using online Bill of Materials from initial design through all…

Sciforma

Sciforma is an Enterprise Project and Portfolio Management software solution for industries and companies of all sizes. Sciforma was designed to support multiple approaches to reinforce consistency at every level of the organization hierarchy to promote efficiency for everyone.…

Digital.ai TeamForge (formerly from CollabNet)

Digital.ai (formerly CollabNet) aims to help enterprises and government organizations deliver high-quality software at speed with TeamForge, its application lifecycle management suite. According to the vendor, Digital.ai offers innovative solutions, provides consulting and Agile…

Hyperon

Hyperon is a tool for managing business rules: the instructions that tell an enterprise software how a company runs, like which customers are eligible for which products, or how to dynamically price services in response to changing conditions. Hyperon aims to make it easy for line…

Altair HyperWorks

HyperWorks is a platform that provides workflows that use domain knowledge and increase product development team productivity. Engineers can move from physics to physics, domain to domain, and even create reports without ever leaving their model. HyperWorks can be used to reate…

Infor Product Lifecycle Management

Infor Product Lifecycle Management (PLM) software leverages data across a manufacturer’s enterprise to foster better decision making, from development and design to management and production.

Odoo Manufacturing

The Odoo Suite of Manufacturing Apps allows users to automate manufacturing processes.Odoo’s database offers a fully integrated solution to MRP, Quality, Maintenance, and PLM. Odoo MRP allows multi-level BoM tracking, which ties in with the user's whole inventory and product catalog.…

Oracle PLM Cloud

The Oracle Product Lifecycle Management (PLM) Cloud supports product development with collaboration and project portfolio tools, proposal and innovation management, scheduling tools, and other features to support product development teams priced on a monthly subscription basis per…

Aras PLM

The Aras Innovator software is used for product lifecycle management (PLM), advanced product quality planning (APQP), lean product development, and new product introduction (NPI). Aras switched to an open source model in 2007, where clients obtain the software for free, and Aras…

Enovia

Dassault Systèmes S.A. is a French company and a world leader in the production of 3D design software, 3D digital mock-up and product lifecycle management (PLM) solutions.

BlueCherry

CGS’s BlueCherry Enterprise Suite has the built-in capacity to address the fundamental needs of all core management, planning, design and product development, sourcing, manufacturing, logistics and sales functions. With end-to-end capabilities, the BlueCherry Enterprise Suite enables…

TULA

TULA is a cloud based highly interactive GRC application built with predictive analytics that helps companies and their teams to be proactive about the projects/ programs they execute. With both internal and external sources of data, client will have a holistic view about their…

ViSU

ViSU is a cloud-based regulatory information management solution (RIMS) that provides intuitive handling of all regulatory affairs processes by headquarters, regulatory operations, regional managers and local affiliates. ViSU is specifically designed for managing products and tracking…

Siemens EDA Calibre (Mentor Graphics)

Calibre Design Solutions, from Siemens EDA (formerly Mentor Graphics) is an IC verification and design suite, boasting the exceptional performance, accuracy, and reliability of the Calibre nmPlatform. The vendor states tight collaboration with foundries, IC design houses, and industry…

Upchain PLM

Upchain is a cloud PLM solution with a fully functioning PDM system within it. Upchain PLM solution is designed to help organizations collaborate on design, engineering production, and maintenance processes across their entire value chain. With cloud deployment and built-in workflow…

PAREXEL Perceptive Cloud

Via a collaboration with Microsoft, PAREXEL headquartered in Waltham offers the Perceptive Cloud, a product lifecycle management platform exclusively for pharmaceuticals and life science entities and their development labs.

Bamboo Rose Retail Product Lifecycle Management

Bamboo Rose Retail Product Lifecycle Management, from Bamboo Rose headquartered in Boston is a PLM supporting the design and development of retail merchandise.

Centric PLM

Centric PLM is a product lifecycle management suite designed for retail, fashion, and apparel (e.g. shoes), developed by Centric Software headquartered in Campbell, California.

Learn More About Product Lifecycle Management (PLM) Software

What is Product Lifecycle Management?

Product Lifecycle Management (PLM) software provides businesses with the opportunity to manage all of their data and information processes for worldwide supply chains at every step of a product design or service lifecycle. PLM provides businesses and supply chains with all the necessary data about items, parts, products, documents, requirements, engineering change orders, and workflows.

As PLM Software becomes increasingly more important in a globalized economy, it continues to be adapted and tailored to meet the needs of a variety of different industries. PLM Software’s original intent was to support engineers’ collaboration on their latest product designs and control the information lifecycle. Yet today, PLM Software provides services to support a much larger percentage of an organization, including customer service, marketing, sales, suppliers, and partners.

The support PLM Software provides businesses is crucial in promoting increased productivity, creativity, and collaboration. Other benefits include improved quality, and regulatory compliance, as well as shortened product production times.

Product Lifecycle Management Features

Most products in the Product Lifecycle Management have the following features:

  • Change management
  • Design feature management, including tracking of feature requests
  • Design drawing revision management
  • Quality management
  • Collaboration solutions
  • Training management
  • BOM management
  • Compliance management
  • Document control or design software management
  • Requirements management
  • Item management
  • Supplier relationship management
  • Implementation with Agile methodologies

Product Lifecycle Management Comparison

When comparing PLM Software, businesses should consider the following factors:

Industry of Focus: When it comes to PLMs, one size doesn’t fit all. Many PLM’s focus on providing support for specific industries (i.e., fashion, retail, processing), so businesses should consider what PLM provides the best support and features for their industry.

Open-Source vs. Paid Software: A few free and open-source PLM tools are available, though the selection is minimal. Free PLM tools also tend to be more limited feature-wise to proprietary options, and none of them can provide ongoing support. Businesses should consider their feature needs and support when considering an open-source tool.

Integration Support: Product lifecycle management is a complex process and cannot be handled by just one software alone. Before purchasing from a vendor, businesses should consider how well their PLM can incorporate and communicate with computer-aided design (CAD) software systems, as well as enterprise resource planning (ERP). These software platforms are crucial to the design flow process and focus on the more detailed building stage of a product or service.

Start a Product Lifecycle Management comparison here

Pricing Information

The cost to implement a PLM solution varies greatly. Some software companies offer a straightforward pricing scheme for PLM solutions, ranging from $13 to $150 per month. However, the cost of most PLM solutions must be obtained by contacting the vendor directly. For a custom quote, vendors consider the company size, implementation complexity, and the number of average users. There are also some open-source options for businesses looking for basic support features.

More Resources

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Frequently Asked Questions

What does Product Lifecycle Management do?

Product lifecycle management (PLM) software enables an organization to manage all aspects of their product development process, from the initial idea through to retirement and disposal.PLM software allows leaders to efficiently manage innovation or iterations to products, designs, or documents. It provides a centralized storage location for all product data, and automated tools streamline and simplify the lifecycle management process.

What are the benefits of using Product Lifecycle Management?

Implementation of PLM software can help an organization reduce prototype costs, increase collaboration, improve quality, shorten time to market, and ensure compliance to industry standards or regulations.

How much does Product Lifecycle Management cost?

Some vendors provide a simple pricing plan for PLM solutions, ranging from $13 to $150 per month. More common are direct requests for a quote, which considers the company size, implementation complexity, and the number of average users. For businesses looking to save on costs, open-source options are available with basic support features.