Best Product Lifecycle Management (PLM) Software
Product Lifecycle Management (PLM) software provides businesses with the opportunity to manage all of their data and information processes for worldwide supply chains at every step of a product design or service lifecycle. PLM provides businesses and supply chains with all the necessary data about items, parts, products, documents, requirements, engineering change orders, and workflows. As PLM Software becomes increasingly more important in a globalized economy, it continues to be adapted and tailored to meet...
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Arena, by PTC, is a cloud-based PLM and QMS platform. Arena helps product companies that rely on distributed teams and global supply chains to develop products, ensure regulatory compliance, and respond to customer demands.
Teamcenter is a product lifecycle management system designed to help organizations integrate and standardize product development processes across functional silos.
The MasterControl Quality Excellence suite bundles a number of products supporting work quality and compliance including training and exams, incidents and corrective actions (CA), documents and change, and other modules.
Propel (or PropelPLM) headquartered in Santa Clara offers their Product Lifecycle Management application. Built on Salesforce, Propel is available in varying editions supporting quality management, product information management (PIM), as well as project costing, custom objects & API,…
LaunchNotes is a personalized, automated, and secure way to connect product teams and users to the product development lifecycle, from the company of the same name headquartered in California.
3 Clicks Cloud is a PLM (Product Lifecycle Management) solution for the apparel, footwear, accessory, and homeware industries. The service combines production expertise with a platform that streamlines processes and supports growth.
The web platform offers configurable control over production workflows. Users can set up tasks to fit diverse business needs and to ensure transparency and collaboration. By managing activities with live production data, the platform helps to av…
Wikifactory unifies teams in real-time to enable efficient communication, streamlined workflows, and accelerated time-to-market.
Wikifactory is a browser-first design-to-production platform that accelerates the product development lifecycle, connects team and clients, improves CAD design with real-time feedback, offers storage space with file management…
Makersite’s Product Lifecycle Intelligence platform integrates cost, sustainability, compliance, and supply chain risk data into a single platform. It enables product engineering, procurement, and expert teams to conduct in-depth analyses across sustainability, cost, risk, and regulatory…
Dassault Systèmes S.A. is a French company and a world leader in the production of 3D design software, 3D digital mock-up and product lifecycle management (PLM) solutions.
Roadmunk is a roadmap visualization platform that is designed to enable product managers and their teams to communicate the strategic roadmap throughout their organization…
BOMIST is a desktop, offline-first app used to keep track of inventory, bill of materials, procurement and production, specifically designed for the electronics manufacturing industry. It can track other things as well, but integrations with suppliers and distributor APIs in the…
Fusion Manage from Autodesk is a product lifecycle management platform that connects people, processes, and data across departments and geographies.
Visure offers an ALM platform to implement efficient requirements lifecycle management.
OpenBOM is a digital network-based platform that manages Product data and connects manufacturers and their supply networks from the company of the same name in Boston. OpenBOM enables users to share and collaborate data using online Bill of Materials from initial design through all…
PALMA, a software solution from Modular Management headquartered in Stockholm, for strategic and data driven product management, helps users gain control over the lifecycle of modular product platforms while also managing configuration. PALMA is a tool to structure, analyze and share…
Surefront is a product collaboration platform that integrates Product Lifecycle Management (PLM), Product Information Management (PIM), and Customer Relationship Management (CRM) to enhance business processes such as merchandising, product development, vendor management, and sales.…
Videos for Product Lifecycle Management (PLM) Software
Learn More About Product Lifecycle Management (PLM) Software
What is Product Lifecycle Management?
Product Lifecycle Management (PLM) software provides businesses with the opportunity to manage all of their data and information processes for worldwide supply chains at every step of a product design or service lifecycle. PLM provides businesses and supply chains with all the necessary data about items, parts, products, documents, requirements, engineering change orders, and workflows.
As PLM Software becomes increasingly more important in a globalized economy, it continues to be adapted and tailored to meet the needs of a variety of different industries. PLM Software’s original intent was to support engineers’ collaboration on their latest product designs and control the information lifecycle. Yet today, PLM Software provides services to support a much larger percentage of an organization, including customer service, marketing, sales, suppliers, and partners.
The support PLM Software provides businesses is crucial in promoting increased productivity, creativity, and collaboration. Other benefits include improved quality, and regulatory compliance, as well as shortened product production times.
Product Lifecycle Management Features
Most products in the Product Lifecycle Management have the following features:
- Change management
- Design feature management, including tracking of feature requests
- Design drawing revision management
- Quality management
- Collaboration solutions
- Training management
- BOM management
- Compliance management
- Document control or design software management
- Requirements management
- Item management
- Supplier relationship management
- Implementation with Agile methodologies
Product Lifecycle Management Comparison
When comparing PLM Software, businesses should consider the following factors:
Industry of Focus: When it comes to PLMs, one size doesn’t fit all. Many PLM’s focus on providing support for specific industries (i.e., fashion, retail, processing), so businesses should consider what PLM provides the best support and features for their industry.
Open-Source vs. Paid Software: A few free and open-source PLM tools are available, though the selection is minimal. Free PLM tools also tend to be more limited feature-wise to proprietary options, and none of them can provide ongoing support. Businesses should consider their feature needs and support when considering an open-source tool.
Integration Support: Product lifecycle management is a complex process and cannot be handled by just one software alone. Before purchasing from a vendor, businesses should consider how well their PLM can incorporate and communicate with computer-aided design (CAD) software systems, as well as enterprise resource planning (ERP). These software platforms are crucial to the design flow process and focus on the more detailed building stage of a product or service.
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Pricing Information
The cost to implement a PLM solution varies greatly. Some software companies offer a straightforward pricing scheme for PLM solutions, ranging from $13 to $150 per month. However, the cost of most PLM solutions must be obtained by contacting the vendor directly. For a custom quote, vendors consider the company size, implementation complexity, and the number of average users. There are also some open-source options for businesses looking for basic support features.
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Frequently Asked Questions
What does Product Lifecycle Management do?
What are the benefits of using Product Lifecycle Management?
What are the best Product Lifecycle Management products?
These are some of the best Product Lifecycle Management products: