What is Product Lifecycle Management Software?
Product Lifecycle Management (PLM) Software is used in each step of bringing a product to market and beyond, including initial design, building, deploying, marketing, and future iterations.
The software helps manage key product data, workflows, and approvals throughout the product development process.
Product lifecycle management software is a must-have for companies that want to streamline their product development process and bring products to market quickly and efficiently. The right PLM solution will help your company save time and money while improving collaboration and communication among team members.
There are many different types of PLM software on the market, so it’s important to choose a solution that fits your specific needs. To help you get started, we’ve put together a list of the best PLM software solutions in today’s market.
Best PLM Software
#1 SAP PLM
SAP PLM software is a comprehensive solution that helps companies manage every aspect of the product lifecycle, from initial idea to final delivery.
The software includes tools for product data management, workflow management, and collaboration. It also offers advanced analytics and reporting capabilities.
SAP PLM is a scalable solution that can be customized to fit the needs of any size company. It’s also one of the most popular PLM solutions on the market, with over 4,000 customers worldwide.
If you’re looking for a comprehensive PLM solution that offers all the features you need to manage your product development process from start to finish, SAP PLM is a great option.
An Introduction to SAP Enterprise Product Development | Product Lifecycle Management
#2 Siemens NXPL
Siemens NXPL is a powerful PLM software that helps companies manage their product development process. It offers a complete set of tools for managing product data, designing products, and collaborating with team members. NXPL is used by some of the world’s leading manufacturers, including Airbus, BMW, and General Motors.
Siemens NXPL offers a wide range of features to help companies manage their product development process.
These include:
– Product Data Management: Siemens NXPL provides tools for managing product data, such as product lifecycle management (PLM) and change management.
– Design Tools: Siemens NXPL offers a variety of design tools to help engineers design products. These include CAD, CAM,CAE, and PDM.
– Collaboration Tools: Siemens NXPL provides tools to help team members collaborate on product development. These include project management, document management, and online collaboration.
Siemens NXPL is a powerful PLM software that can help companies improve their product development process. It offers a complete set of tools for managing product data, designing products, and collaborating with team members.
#3 Oracle Agile PLM
Oracle Agile PLM is a complete product lifecycle management software solution that helps companies speed up innovation, improve product quality, and reduce costs.
It provides a single source of truth for all product data and enables collaboration across the entire product development team.
Oracle Agile PLM is a comprehensive solution that includes everything from requirements management and design to manufacturing and field service.
It integrates with existing enterprise applications and systems, making it easy to deploy and use.
The software is available in both on-premise and cloud-based versions. Oracle Agile PLM is used by some of the world’s leading manufacturers, including Boeing, Ford, and General Motors.
Oracle Cloud PLM Accelerated Product Innovation
#4 PTC Windchill
PTC Windchill is a software application that helps improve the way companies manage product development. It enables companies to develop, track, and manage product data and information throughout the product lifecycle.
Windchill also provides tools for collaboration, configuration management, and change management.
PTC Windchill is a comprehensive PLM solution that offers a broad range of features and functionality.
It is scalable and can be customized to meet the specific needs of a company. Windchill has been designed to work with other PTC products, such as Creo and ThingWorx, and can be integrated with other enterprise systems.
PTC Windchill is a mature PLM platform that has been on the market for over 20 years. It is used by large and small companies around the world.
PTC Windchill has a wide range of functionality, making it a good choice for companies that need a comprehensive PLM solution. The software is scalable and can be customized to meet the specific needs of a company. Windchill also offers good integration with other enterprise systems.
#5 Siemens Teamcenter
Siemens Teamcenter is a software application that helps organizations manage their product lifecycle. It is developed by Siemens PLM Software, a subsidiary of Siemens AG.
Teamcenter provides a digital backbone for companies that need to manage complex products and systems throughout their lifecycle. It connects people and processes across functional silos to help companies make better decisions faster, turn ideas into revenue quickly and deliver innovative products and services at the speed of change.
The software is used in a variety of industries, including aerospace and defense, automotive, high-tech electronics, industrial machinery, life sciences, shipbuilding and more.
#6 Aras Innovator PLM
Aras Innovator PLM is a comprehensive PLM software solution that helps companies manage product lifecycles from idea to retirement.
Aras provides a single, integrated platform that enables companies to improve product quality and speed time to market while reducing costs.
The software is built on a modern, service-oriented architecture (SOA) that makes it easy to extend and customize. The software is highly configurable and can be easily tailored to fit the specific needs of any organization.
Aras Innovator PLM has been designed to be scalable and modular, so it can grow with your company.
It is a complete solution that includes all the modules needed to manage the product lifecycle: requirements management, product data management, change management, document management, and more.
Aras Innovator PLM is available in on-premise and cloud-based deployment models.
#7 Autodesk Fusion Lifecycle
Autodesk Fusion Lifecycle is a cloud-based product lifecycle management (PLM) software that helps you manage product data and processes throughout the entire product development cycle.
Fusion Lifecycle is built on top of Autodesk’s robust Fusion 360 CAD/CAM platform, so you can easily connect your design, engineering, and manufacturing teams in one place.
With its powerful data management tools, Fusion Lifecycle lets you track changes to your products, control access to critical data, and automate key workflows.
And because it’s cloud-based, Fusion Lifecycle is easy to deploy and scale, so you can quickly get up and running with minimal IT overhead.
Using Vault and Fusion Lifecycle
#8 Upchain PLM
Upchain PLM is a cloud-based product lifecycle management software that enables businesses to manage their product development processes from start to finish.
The software provides users with a centralized platform to store and share all product-related information, making it easy for teams to collaborate on product development projects.
Upchain PLM also offers features such as version control, change management, and workflow management to help businesses streamline their product development processes.
Pricing: Upchain PLM offers a free trial and subscription-based pricing plans.
Advantages:
- Easy to use and intuitive interface
- Centralized platform for storing and sharing product information
- Helps teams collaborate on product development projects
- Offers features such as version control, change management, and workflow management
#9 Propel
Propel PLM is a cloud-based product lifecycle management software that helps businesses manage the entire product development process in one place. It offers features such as product data management, change management, collaboration, and more.
Propel is a great choice for businesses that are looking for an easy-to-use PLM solution that is affordable and offers a wide range of features.
#10 SolidWorks PDM
SolidWorks PDM is a product data management software that helps businesses manage their product data and documents. It offers features such as version control, document management, workflow management, and more.
It is a good choice for businesses that need to manage large amounts of product data and documents.
#11 Arena PLM
Arena PLM is a cloud-based product lifecycle management software that helps businesses streamline their product development processes.
It provides users with a central repository for managing all product-related information, from requirements to design and manufacturing data. Arena PLM also offers powerful collaboration features that enable cross-functional teams to work together more efficiently.
Arena PLM is a great choice for businesses that are looking for an easy-to-use PLM solution that can be deployed quickly and at a reasonable price. The software is also well suited for companies with complex product development processes.
Higher-tier versions of the product include security controls, like single sign-on (SSO).
Pros:
- Easy to use
- Quick to deploy
- Reasonably priced
Cons:
- Some features may be too simple for companies with complex product development processes
Features to Look For in PLM Software
When considering PLM software for your business, there are a few key features to look for:
Product data management
This feature allows businesses to store and manage all product-related information in one central repository.
This includes product requirements, design data, manufacturing data, and more.
Change management
This feature helps businesses track and manage changes to their products.
It can be used to control access to critical data, automate workflows, and ensure that only approved changes are implemented.
Workflow management
This feature helps businesses automate their product development processes.
It can be used to create and track workflows, assign tasks to team members, and monitor progress.
Document management
This feature helps businesses manage documents related to their products. It can be used to store and share documents, track changes, and control access to critical data.
Collaboration
This feature helps businesses collaborate on product development projects.
How much PLM do you need? Choosing your path to PLM with Tech-Clarity
What is the Best PLM Software for Your Business?
The best PLM software for your business depends on your specific needs and requirements.
If you need a powerful and comprehensive PLM solution, Arena PLM or Upchain PLM may be a good choice.
If you need a more affordable and easy-to-use solution, Propel PLM or SolidWorks PDM may be a better option.
SAP and Siemens also have top options.
What Are the Benefits of PLM Software?
There are many benefits of using PLM software, including:
Improved product quality
Using PLM software can help businesses improve the quality of their products.
By managing all product-related information in one central repository, businesses can ensure that everyone has access to the latest data. This helps to prevent errors and mistakes from happening.
Improved efficiency
Using PLM software can help businesses improve their efficiency.
By automating workflows and assigning tasks to team members, businesses can reduce the time it takes to develop new products.
Improved collaboration
Using PLM software can help businesses improve their collaboration.
By providing a central repository for storing and sharing data, businesses can ensure that everyone is working with the same information.
Improved compliance
Using PLM software can help businesses improve their compliance.
By tracking and managing changes to products, businesses can ensure that only approved changes are implemented.
This helps to prevent unauthorized changes from being made.
Who Uses PLM Software?
Product lifecycle management software is used by organizations to manage the process of bringing a product to market.
This includes managing data and workflows related to the design, development, manufacturing, and support of a product.
PLM software is used across many industries, including automotive, aerospace and defense, consumer goods, high tech, industrial machinery and equipment, life sciences, and retail.
Organizations that use PLM software typically have complex products with long lifecycles. They also often have large engineering teams spread across multiple locations.
PLM software can help these organizations to standardize processes, track progress, and manage data more effectively.
FAQs – PLM Software
What is PLM software?
PLM software is a type of software that helps businesses manage the process of bringing a product to market.
This includes managing data and workflows related to the design, development, manufacturing, and support of a product.
What are the benefits of using PLM software?
There are many benefits of using PLM software, including improved product quality, improved efficiency, improved collaboration, and improved compliance.
Who uses PLM software?
Organizations that use PLM software typically have complex products with long lifecycles.
They also often have large engineering teams spread across multiple locations.
PLM software can help these organizations to standardize processes, track progress, and manage data more effectively.
What are some examples of PLM software?
Some examples of PLM software include Arena PLM, Upchain PLM, Propel PLM, SolidWorks PDM, SAP, and Siemens.
How much does PLM software cost?
The cost of PLM software varies depending on the specific solution and the features included.
Generally speaking, enterprise-level solutions tend to be more expensive than smaller, more basic solutions.
How is PLM software different from ERP software?
PLM software is different from ERP software in that it is specifically designed to help businesses manage the process of bringing a product to market.
This includes managing data and workflows related to the design, development, manufacturing, and support of a product.
ERP software, on the other hand, is designed to help businesses manage their overall operations, including financials, supply chain, and manufacturing.
How is PLM software different from CAD software?
PLM software is different from CAD software in that it is specifically designed to help businesses manage the process of bringing a product to market.
This includes managing data and workflows related to the design, development, manufacturing, and support of a product.
CAD software is used by engineers and designers to create 2D and 3D models of products.
Conclusion – Product Lifecycle Management (PLM) Software
Product lifecycle management software is a type of software that helps businesses manage the process of bringing a product to market.
This includes managing data and workflows related to the design, development, manufacturing, and support of a product.
There are many benefits of using PLM software, including improved product quality, improved efficiency, improved collaboration, and improved compliance.
Organizations that use PLM software typically have complex products with long lifecycles. They also often have large engineering teams spread across multiple locations.
PLM software can help these organizations to standardize processes, track progress, and manage data more effectively.