Product Data Management: Product Life Cycle Management

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“Product Data Management (PDM) is a set of applications and capabilities for capturing and maintaining the definition of a product and related data through all phases of its life.” “Product Lifecycle Management (PLM) is the business activity of managing a company's products all the way across the lifecycle in the most effective way.” In the current project, PDM/PLM capabilities and applications have been used to a live project based on a manufacturing industry and also tried to evaluate the ROI-Return on Investment of PDM/PLM system. 1. PRODUCT DATA MANAGEMENT for a manufacturing industry and a generic study of PDM/PLM ROI The present work concentrated on the PDM/PLM and its ROI aspects. It is concentrated on how effectively CAD/CAM data is…show more content…
Summary of the Project Report: a. Product Life Cycle Management (PLM) An Introduction In this chapter, all the aspects of PDM/PLM are explained in detail. Like Definition, Purpose, Users, Function, Requirements and Benefits. b. Elements of PDM/PLM Software In this chapter, PDM/PLM Model, Solution and Selection have been described in detail. There are many different models of PDM/PLM, as a result of the various interpretations of PDM/PLM elements and fundamental design which will be specific to each provider. There are different solutions available like BOM management, CAD file management, Component and Supplier management, Concept and Configuration management, and many more different aspects and solutions have been taken care in the study. c. Steps to PDM/PLM Implementation Before implementing a PDM/PLM solution, there are some necessary steps to be prepared for the business. Following are some guidelines to follow for a successful PDM/PLM implementation process. 1. Assemble a cross-functional team 2. Define and prioritize objectives from a business…show more content…
Includes savings on internal programs and process as well as improved strategic position. g. Framework for ROI Analysis Many case studies have been mentioned taken in this study. In the Forrester’s Total Economic Impact™ Analysis Framework is one of the effective techniques to analyze ROI of PDM/PLM. Forrester interviewed more than 14 vendor and user companies, including Accenture, Aras, Arena Solutions, Autodesk, Capgemini, Datastay PDM/PLM, Infor, Infosys Technologies, ITC Infotech, PRTM, Larsen & Toubro Infotech Parametric Technology Corporation (PTC), SAP, Syntel, and Tata Consultancy Services. Forrester used this information to create an ROI model based on their Total Economic Impact™ (TEI) analysis framework. h. Conclusion and Recommendations The Business demand for PDM/PLM capabilities is getting more and more compelling — especially as services firms leverage PDM/PLM as part of an imperative to import proven product-centric principles and practices from the manufacturing domain into their own development organizations. To navigate the complex PDM/PLM solution landscape and get the most value or ROI with the least risk from their company’s PDM/PLM initiative, application development
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