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PLM Framework
MANAGE - Manage and Collaborate
The key to a successful Product Lifecycle Management strategy is the power of managing and sharing information. Collaboration is the key, and Applied PLM solutions gather and share the information and processes of the product lifecycle by creating a comprehensive intellectual asset management environment.
The product data management and collaboration segments of the product lifecycle management market is already the market's highest growth segment and is expected to grow substantially over the next several years. The management and collaboration piece is an enterprise-wide initiative. This is how product lifecycle management will be defined moving forward.
Like all product makers, your most valuable asset is not your inventory of components, parts, and products, but rather the collective knowledge of your extended enterprise - a body of intellectual capital and experiences gleaned from your own organisations, as well as from your suppliers, partners and customers. Traditionally, this knowledge has been isolated by the geographical, technological and organisational boundaries that divide the major domains in your product lifecycle.
Too often Intellectual Assets are trapped within your product data management (PDM), enterprise resource planning (ERP), supply chain management (SCM), and customer relationship management (CRM) systems.
