SAP Product Lifecycle Management (SAP PLM) is SAP's integrated solution that supports companies in the development, design, production, distribution and maintenance of products. The solution helps to increase productivity, reduce costs and optimize processes.
Product Lifecycle Management is a process that involves managing the entire life cycle of a product or service - starting with product development and ending with maintenance and support. SAP PLM enables companies to understand the complexity and scope of the value-adding processes that a product goes through. It also provides an opportunity to improve collaboration between all stakeholders during the product development process.
SAP PLM is an essential part of Supply Chain Management Strategy of a company as it provides a central way to track and manage all aspects of a product's design and development process. In doing so, SAP Product Lifecycle Management offers a number of functions, including:
- Product development:
SAP PLM enables companies to develop new products more efficiently. It offers functions such as product configuration, design and development management, product data management, prototypical manufacturing and production planning.
- Design management:
Capabilities such as 3D design and data visualization, technology and component management, design and development optimization, and design risk management help companies improve product functionality and reduce costs.
SAP PLM optimizes the production processes, which supports functions such as production planning and control, production automation and management, quality management and production tracking.
- Sales and maintenance:
This includes practical functions such as sales management, pricing, customer service, documentation and maintenance.