By Ed Miller, president, CIMdata Inc. -- Manufacturing Business Technology, 2/24/2009 10:52:00 AM
Historically, product life-cycle management (PLM) was practical mostly for large, distributed enterprises with the extensive resources needed to invest in and deploy the systems, understand the approach, improve the technologies, validate benefits, and establish organizational practices to make PLM effective. Companies that originally invested in PLM often were the big OEMs in industries such as automotive and aerospace, with complex global facilities and far-reaching supply chains.
For the most part, PLM solutions for these large organizations are all-encompassing enterprise systems focused on issues that affect multiple domains such as program management, engineering, manufacturing, purchasing, asset management, and quality. Typical functionality includes program management; CAD file management, CAD integrations, bill-of-material (BOM) and bill-of-information (BOI) creation and management, document management, visualization, strategic sourcing, and extensive workflow management capabilities to automate various complex processes.
Recognizing a tremendous market potential, PLM suppliers have and are continuing to adapt these same capabilities for small and midsize companies that aren’t content to let PLM remain the domain of industry behemoths. These smaller companies desire the same support for global collaboration and creation of innovative approaches to their own product development problems.
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