What is PLM

What is PLM image

Benefits of PLM

PLM Software supports the product development process, integrating people, data, processes and business systems and providing a product information backbone for companies and their extended enterprise. The benefits of PLM software focus around time, cost and quality. These benefits include:

  • Faster time-to-market
  • Improved cycle times
  • Fewer Errors
  • Less scrap & rework
  • Greater productivity
  • Greater Design efficiency
  • Better product quality
  • Decreased cost of new product introduction
  • Insight into critical processes
  • Better reporting and analytics
  • Standards and regulatory compliance
  • Improved design review and approval processes
  • Improved communication
  • Reduced product cost and greater profitability
  • Better resource utilization
  • Improved integration and communication with extended supply chain

PLM Streamlines and Improves Innovation Across the Enterprise Product Lifecycle.

For cool summary of the keys to successful innovation, check out Bob Sutton's, Work Matters, graphic representation of fast innovation, developed by graphic scribe Kevin Bain.

Bob Sutton's Graphic Image of fast innovation

10 Transformational Objectives of PLM from Kalypso

  1. Centralized Data Management by Using the Product Data Record Concept
  2. Reduced Organizational Risk Profile
  3. Aligned Corporate Strategy with Core Capabilities
  4. Balanced Pipeline
  5. Improved Efficiency of Merger and Acquisition Integrations
  6. Advanced 3-D Design and Virtual Development
  7. Achieved Design (Intellectual Property) Re-Use
  8. Open Innovation via Distributed Development Work
  9. Improved Product Quality
  10. Improved Time To Market for New Products


Managing Automation presents the benefits of PLM as:

  • PLM helps reduce the cost of a product.
  • PLM helps bring better products to market faster, and enables better support of customers' use of products.
  • PLM enables the value of a product to be maximized over its lifecycle.
  • PLM provides transparency about what is happening over the product lifecycle.

PLM is Key to Taking Advantage of New Innovations

Read about PLM ROI →