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IMPORTANCE OF PLM IN MANUFACTURING SECTOR Opting for PLM - Now

Jan 6, 2022

Where projects are becoming more complex and products more advanced, companies certainly need a better model to support product development for their business processes, software development, analysis and other responsibilities in the organisation. Not having complete visibility into information around your products and the processes that build them is risky business. In a recent webinar - ‘PLM of the future – your fast track to success’ - by Siemens Digital Industries Software India and Publish Industry India, it was discussed why Product Lifecycle Management (PLM) must be adopted by companies now, how manufacturing can be transformed with PLM tools, the implementation framework for PLM and more.

It’s no secret that Product Lifecycle Management (PLM) is proven to reduce risk, costs and improve chances of leading in the markets. However, when it comes to PLM, many manufacturing companies sometimes think of it as a “nice to have” application rather than a vital tool. In fact, research shows that companies who use PLM outperform their competitors. There is a good chance that your competitors are already using PLM. In a recent webinar - ‘PLM of the future – your fast track to success’ - by Siemens Digital Industries Software India and Publish Industry India, Mobin Joseph, Portfolio Leader – Product Lifecycle Management, Siemens Digital Industries Software India, talked about PLM as data repository for manufacturing problem solving, requirements for a PLM system using Internet of Things, reducing the time-to-market with PLM and more.

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