What is SAP Product Lifecycle Management
(SAP PLM)?
SAP Product Lifecycle Management (SAP PLM) is SAP's integrated solution that supports companies in the development, design, production, distribution, and maintenance of products. The solution helps increase productivity, reduce costs, and optimize processes.
Product lifecycle management is a process that covers the management of the entire life cycle of a product or service - starting with product development and ending with maintenance and support. SAP PLM enables companies to understand the complexity and scope of the value-added processes that a product goes through. It also offers the opportunity to improve collaboration between all parties involved during the product development process.
SAP PLM is an essential part of the Supply chain management strategy of a company because it provides a central way to track and manage all aspects of a product's design and development process. SAP Product Lifecycle Management offers a range of features, including:
- Product development:
SAP PLM enables companies to develop new products more efficiently. It offers functions such as product configuration, design and development management, product data management, prototype manufacturing and production planning. - Design management:
Features such as 3D design and data visualization, technology and component management, design and development optimization, and design risk management help companies improve the functionality of their products and reduce costs. - Production:
SAP PLM optimizes production processes, supporting functions such as production planning and control, manufacturing automation and management, quality management and production tracking. - Sales and maintenance:
This includes practical functions such as sales management, pricing, customer service, documentation and maintenance.
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