In addition to MES and ERP, the Product Life Cycle Management (PLM) system plays an elementary role in the digitization of your company. Learn more about software solutions in an Industry 4.0 company here.

In order for your company to remain internationally competitive in today’s world, you need to optimize your business models in order to be able to act preventively.

As a manufacturing company, you need to be able to analyze large amounts of data quickly. This way you can recognize deviations from the plan early on and make the right decisions.

Many software solutions help you in all business areas and even exchange data with each other. In this way, you can create information chains within a company and act more quickly. 

Improve your business with the integration of a PLM system

PLM System is a management approach for the seamless integration of all information that accumulates during the life cycle of a product.
The core components of PLM are the data and information related to the product lifecycle.

Product Life Cycle

Overview of the product life cycle
Product Life Cycle

You can actually define a product life cycle as a
business concept. It describes the sum of the individual corporate functions through which a product passes. This process forms a circle from planning to reuse. Here is an interesting article that explains in more detail the concept behind the product life cycle.

PLM System – Here you get an overview

Overview of all components of plm system
PLM

A large amount of product-related and time-dependent data is generated along the product life cycle. The PLM enterprise concept is based on coordinated methods, processes and organizational structures and usually makes use of IT systems. PLM tools link design, implementation and production and provide feedback from manufacturing. The goal of a PLM system is the central management of information and corresponding user groups. One advantage here is that you can control the process of editing and distribution throughout the company.

Application Lifecycle Management (ALM) vs PLM System

More and more products and systems now contain a software component. However, since hardware and software are historically different, you must also differentiate between the management systems.
With PLM you are looking at a physical product, with ALM you are looking at a software product. Basically, however, there are similarities between the two systems. Both also track a product over its entire lifecycle. However, since both product types are increasingly merging today, you can also link both systems on an IT basis at the overall product level.

Comparison of ALM and PLM
ALM vs PLM