CONCEPTS OF PLM

Team 5
Vandana
Mukesh
Giridhar
Srikanth
Manikanta
Agenda
Introduction

Product lifecycle management is the business

strategy of maintaining the entire lifecycle of
the product from its conception through design
and manufacture to service and disposal.
Plm process
 Applications of plm
Aerospace
industry
Automobile
industry
Shipping
industry
Machinery and
industrial
equipment
 Benefits of plm
Faster time to market due to shorter lead times and
product cycle.
Enhanced product quality.
Lower prototyping costs.
Faster release cycles of products.
Improved relationships among customers, suppliers
and business partners as PLM ensures synchronized
information flows.
Greater profitability.
Reduced waste.
Improved quality and more innovative products and
services.
Improved resource utilization.
summary
Plm is no more an option ,but it now has
become compulsion to survive.
Global economic drivers of plm are:
Increased competition
Outsourcing and demading customers
Multisite activities and collaboration
Product tracebility