Product Lifecycle management (PLM)
Many manufacturing companies are extending their PLM solutions to encompass manufacturing engineering, including process planning functions as well as those functions within design or product engineering, and other elements of the product life cycle.
Many of the long-term benefits from product lifecycle management (PLM) cannot be achieved without a comprehensive digital manufacturing strategy. Digital manufacturing is a key point of integration between PLM and shop floor applications and equipment, enabling the exchange of product-related information between design and manufacturing groups. This alignment allows manufacturing companies to achieve time-to-market and volume goals, as well as realize cost savings by reducing expensive downstream changes.
PLM software can be used to automate the management of product-related data and integrate the data with other business processes such as enterprise resource planning (ERP) and manufacturing execution systems (MES).
We at RITS, deal with SAP and other PLM solutions. The SAP Product Lifecycle Management (SAP PLM) application provides you with a 360-degree-support for all product-related processes – from the first product idea, through manufacturing to product service. SAP PLM is part of the SAP Business Suite, which gives organizations the unique ability to perform their essential business processes with modular software that is designed to work with other SAP and non-SAP software. Organizations and departments in all sectors can deploy SAP Business Suite software to address specific business challenges on their own timelines and without costly upgrades.
