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Poloarized Light Microscopy? Periodic Limb Movement? Partido Liberal Mexicano? Post-lamaze malaise? Perfectly Legal Monopoly? For us, PLM stands for Product Lifecycle Management. Like other acronyms in business (ERP, CRM, SCM and even BPM), PLM is a way to categorize and describe the purpose of a software application.
One leader in the field, John Stark, define it this way (Wikipedia): "PLM is the business activity of managing a company's products all the way across their lifecycles, from the very first idea for a product all the way through until it is retired and disposed of, in the most effective way. PLM is the activity of managing a product throughout its lifecycle - 'from cradle to grave' - making sure that everything works well with the product and making sure the product makes good money for the company. The objectives of PLM are to increase product revenues, reduce product-related costs, and maximize the value of the product portfolio."
Here is Wikipedia's complete entry on the subject of Product Lifecycle Management What is the purpose of a PLM application?The goal is to improve your business. On the front-end of the PLM process, a solution should:Reduce the cost of bringing a product to MarketDecrease the time it takes to bring a product to MarketTaken together this should increase margin and your ability to respond to chaning markets, letting you take advantage when opportunity knocks.How is SoftShoeStyle a PLM system?The scope of SoftShoeStyle is to gather, organize and communicate all product-related information from: Product Brief --> Sample Request SoftShoeStyle connects Line, Plan and design Briefs to style-level design, product development, engineering, high-level costing and projected margin information through a centralized database. SoftShoeStyle provides a unified, single version of specifications and details linked in context to Line Plans and calendars in real-time enabling colleagues and partners to collaborate together anywhere. |
What is PLM?