Modern technologies are increasingly boldly entering business and industrial spaces. They are used in many ways. One of them is to streamline processes related to production. One can, for example, use modern PLM software to improve product lifecycle management.

What does modern product care look like at every stage of its life? What are PLM programs useful for? We will write about all this below.

 

Modern methods on product life cycle management

 

In an era of widespread globalization, product lifecycle management is counterintuitively not so simple. This is because there are various players (manufacturers, suppliers, transportation, etc.) that work together on given supply chains.

What is implied in the term product life cycle? It is a sequence of events from the conception of a given product, through its operation in the market, to the withdrawal of the product from sale.

Such a process, of course, requires the use of the right tools to succeed in improving the various links in many aspects – from the issue of time and funds allocated to the product to matters of ecology and the transition to a closed-loop economy.

For this you need to use proper management of the entire chain and each element of the processes. They are therefore eager to use modern IT software.

 

Product lifecycle management – what is PLM?

 

Product Life Management, or PLM, includes all the processes that make up a product’s ability to be introduced, maintained and removed from the market. They include, for example:

• production,
• sales,
• storage,
• transportation,
• product recall.

Each of these elements involves different teams and, in many cases, different companies that have their place within the chain. In the era of globalization, sometimes individual entities are even located in different countries. Therefore, appropriate software is needed to efficiently manage and transfer data, linking the various units.

PLM software and product lifecycle management

 

PLM software is a tool to efficiently manage the product life cycle. It serves as a central repository, updated in real time, where information about everything related to the product goes.

The data, found in the software, is continually supplemented by measurement systems and other programs used to perform tasks at each stage of the product life cycle.

Concentrating all the information in one place, constantly updating it and easily accessing the data make the daily operation of companies and supply chains much more convenient. You just need to choose PLM software tailored to your specific needs.

 

Solutions from SILK PLM and modern product lifecycle management

 

You can find a variety of PLM programs on the market. It is worth choosing professional products, distinguished by the ease of use and convenience of such a repository. One of them is the system offered by SILK PLM.

Its biggest advantage is that it functions in the cloud, with constant access for all people involved in a given product life cycle. The data updates on the fly and can be accessed from almost any point in the world. This approach makes it easier to use the tool even in the largest supply chains, reduces the risk of data errors by digitizing and concentrating all information within a single system. It also makes it easy to optimize all processes and reduce costs with a better overview. And this is an opportunity for real savings and better business decisions for the future.

So, if you would like to improve your company’s operations and are looking for reliable Industry 4.0 digitization solutions, check out how to choose PLM Software.