SAP PRODUCT LIFECYCLE

MANAGEMENT (PLM)

Prepared By:
Jawad Nazim
 AGENDA
 INTRODUCTION
 KEY COMPONENTS AND FUNCTIONALITIES OF SAP PLM
 PHASES OF PRODUCT DEVELOPMENT
 STAGES IN PRODUCT LIFECYCLE MANAGEMENT
 BENEFITS OF SAP PLM
 CONCLUSION
 INTRODUCTION
What is PLM?
• Product Lifecycle Management (PLM) is a systematic process of managing the complete journey of a product
from cradle to grave.
• It involves how and when products are introduced in the market, starting from design and development to
maturity and decline. This approach helps build better strategy and make decisions on marketing, and
promotions, selling strategy, pricing as well as expansion and discontinuation plans. The process encompasses
technology to help businesses create, capture, manage and leverage their products to help maximize profits.
• PLM helps in cost-control, shortens development time, and gets products to market quickly.
What is SAP PLM?
• SAP Product Lifecycle Management (PLM) is a set of software solutions and tools provided by SAP, a leading
enterprise software company, to manage all aspects of a product's lifecycle, from its initial conceptualization and
design to manufacturing, maintenance, and eventual retirement.
• SAP PLM is part of SAP's broader suite of enterprise resource planning (ERP) and business software solutions.
• SAP PLM plays a critical role in helping manufacturers to develop the next generation of products, at a lower
cost, and with a faster time to market.
 SOME KEY COMPONENTS AND FUNCTIONALITIES
OF SAP PLM
• Product Data Management (PDM): • Change Management:
SAP PLM helps organizations centralize and manage product- Change management is crucial in product development, and
related data, such as bills of materials (BOMs), CAD
drawings, specifications, and documents. This ensures that all SAP PLM provides tools for tracking and managing changes
stakeholders have access to the most up-to-date information. to products and associated documentation. This ensures that
changes are properly documented and controlled.
• Product Design and Collaboration:
The system supports product design and development • Quality Management:
processes, allowing cross-functional teams to collaborate Quality control and assurance are critical in manufacturing.
efficiently.
SAP PLM supports quality management processes, including
• Product Portfolio Management: inspection planning, non-conformance handling, and
SAP PLM enables organizations to analyze their product corrective and preventive actions.
portfolios, including the performance of existing products and
the potential for new ones. This helps in making informed
decisions about product development and retirement.
 SOME KEY COMPONENTS AND FUNCTIONALITIES
OF SAP PLM
• Regulatory Compliance: production process.
It helps organizations ensure their products comply with • Service and Maintenance:
industry standards and regulations by managing compliance-
SAP PLM also extends to the product's service and
related data, documentation, and processes.
maintenance phase, allowing organizations to manage service
• Supplier Collaboration: documentation, spare parts, and maintenance schedules.
SAP PLM facilitates collaboration with suppliers by • Environmental Sustainability:
integrating them into the product development process. This
In today's environmentally conscious world, SAP PLM can
helps streamline the supply chain and improve
assist in tracking and managing a product's environmental
communication.
impact and sustainability throughout its lifecycle.
• Manufacturing Integration:
The software can integrate with manufacturing execution
systems (MES) and other manufacturing-related solutions to
ensure that the design is translated accurately into the
 PHASES OF PRODUCT DEVELOPMENT

• Concept and design: The ideation phase, where a product’s requirements are defined based on factors
including competitor analysis, gaps in the market, or customer needs.
• Develop: The detailed design of the product will be created, along with any necessary tool designs. This
phase includes validation and analysis of the planned product, as well as prototype development and
piloting in the field. This generates vital feedback on how the product is used and what further
refinements are needed.
• Production and launch: Feedback from the pilot is used to adjust the design and other components to
produce a market-ready version. The production of the new product is scaled – followed by launch and
distribution to the market.
• Service and support: Following the launch of the new product, the period of time when service and
support is offered.
• Retirement: At the end of the product’s lifecycle, its withdrawal from the market must be managed –
along with any retrials or absorption into new concept ideas.
 PHASES OF PRODUCT DEVELOPMENT
 BENEFITS OF SAP PLM

• 1. Businesses can keep abreast of market demands and then design innovative methods to develop products to beat the
competition and gain strong market share.

• 2. Simultaneously modify relevant business processes involved in the development process. Introduce various quality checks
and ensure compliance norms are adhered to.

• 3. Quickly adapt to business changes and be prepared to handle new opportunities in no time.
• 4. PLM provides ample insight into ongoing projects and gives insights into data that help make crucial business decisions. It
comes with a flexible reporting structure as well as different types of analytics dealing with product quality, safety, portfolio
management, and health hazards.

• 5. Ease of monitoring products through various developmental stages while keeping an eye on factors that affect production,
such as time frame, resources required, and money.

• 6. It optimizes productivity through its role-based portal and enables content delivery thereby enhancing productivity.
• 7. SAP PLM provides an open-technology framework that delivers real-time data necessary for different processes like
procurement, sales, manufacturing, etc.
 CONCLUSION
Why Do Enterprises Need PLM?
• According to Fortune Business Insights, the size of the PLM market in 2018 was $16.76 billion. It is expected to grow at a
CAGR of 6.3% and reach $26.73 billion by 2026.
• To handle complexities between product design, supply chain, distribution, and customer feedback, and the impact of this on
pricing. With the growing global competition driving prices down, regulations are constantly shifting, and your business needs
quick-to-market, high-quality products to bring in profit.
• Information integrity and the efficiency of processes within the organization are dependent on each other, particularly in
responding to a problem. With PLM, the information shared is clear, concise, and valid.
• Organizations struggle with disconnected systems, processes, and departments, along with issues of data quality and frequent
order changes. Disparate software systems can escalate costs because of inefficiencies and slow commercialization of the
product.
• SAP PLM software helps organizations quickly develop and deliver the products that drive their businesses. It provides all-
around support for all product-related processes from the start to the end of the product lifecycle. PLM provides businesses the
capability to execute their crucial business functions using modular software that is built to work with other SAP or non-SAP
applications.