Product Lifecycle Management (PLM) Software
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Product Lifecycle Management (PLM) Software TrustMap
TrustMaps are two-dimensional charts that compare products based on trScore and research frequency by prospective buyers. Products must have 10 or more ratings to appear on this TrustMap.
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® 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 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 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 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…
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…
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…
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…
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.…
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…
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 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…
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 software systems, as well as . These software platforms are crucial to the design flow process and focus on the more detailed building stage of a product or service.
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.
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