Many C-suite executives view the Product Lifecycle Management process as the engineering department’s black box – but PLM opens up opportunities for companies to ensure their processes are aligned and efficient. This report draws attention to the implications of a truly collaborative Product Lifecycle Management network, whilst examining the big new market sectors for Product Lifecycle Managament and understanding the role of virtual reality and servitisation in advancing product development strategies and service after the sale.
OVERVIEW The merits of a collaborative approach to developing products, concern for a product’s total lifecycle and the benefits of customer feedback, have pushed product lifecycle management into new sectors of mainstream business, as Will Stirling reports
INNOVATION More than just another class of business IT, product lifecycle management is helping companies benefit from ideas across the whole organisation and stimulate innovation, writes Lindsay Clark
SERVITISATION The servitisation of manufacturing, when companies supply services as well as products, provides firms with more revenue streams and a hedge against a downturn, writes Professor Tim Baines
SPONSORED FEATURE The potential of product lifecycle management is well known, but most initiatives fail to deliver the anticipated benefits. Those that do, realise value from their investments shows five common characteristics, says Jacky Frankreich, Tata Technologies’ PLM solutions director