Chapter 2: Business issues

Title: Integration of PLM with other concepts for empowering business environments

Author(s): ABG Moorthy, S. Vivekanand

Address: Geometric Software Solutions Co Ltd (GSSL) 15, Pune Infotech park, MIDC Hinjwadi, Pune - 411057, India | Geometric Software Solutions Co Ltd (GSSL) 15, Pune Infotech park, MIDC Hinjwadi, Pune - 411057, India

Reference: International Conference on Product Lifecycle Management 2007 pp. 93 - 106

Abstract/Summary: Innovations for enterprises are essential to survive in this competitive global market. Being an innovative business not only means creating innovative products, but also improving the processes of a company uses to produce its products. It supports its products using innovative approaches to the complete product lifecycle. PLM plays a key role in this and also in today's rapidly changing business environments. It manages the definition lifecycle and the relationships between product–related information and processes. Integration of PLM with other managerial and design concepts, certainly leads to successful business also worthful products for customers. The benefits of integrating PLM will impact many areas of a business, not just engineering, and help companies of all sizes to be more competitive in today’s global competitive markets. It includes technology, processes, best practices, and other elements that provide a complete solution to business problems. This paper briefly describes the growth of PLM and also how it suits for empowering business in various modes while integrating with other concepts. The paper concludes with an analysis of PLM in Design concepts and discussion of the business benefits of PLM for automotive and other design enterprises.

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