SAP Product Lifecycle Management
SAP Product Lifecycle Management
SAP Product Lifecycle Management (SAP PLM) is made to help companies track projects from inception to completion. SAP PLM helps companies manage their product lifecycle by integrated product development, innovation management and product compliance.
SAP PLM Integrated Product Development Key Features:
- Collaborative Development includes product costing, manufacturing collaboration, development collaboration, complaints and return analysis and other collaboration tools.
- Sharing Project Data includes spare parts management, supplier identification, collaborative bidding and purchase order management.
- Synchronizing Design and Manufacturing includes prototyping, quality control and manufacturing process planning.
SAP PLM Innovation Management Key Features:
- Strategy and Planning features can help companies stay on the cutting edge of their industry by responding faster to market changes by measuring key metrics, market trends and operational metrics.
- Managing Innovative Ideas can help companies leverage the right partner, talent and capabilities to complete projects quickly and efficiently.
- Program and Product management help coordinate resources and projects to maximize efficiency.
- Portfolio management aligns a company’s portfolios with their corporate objectives.
SAP PLM Product Compliance Key Features:
- Helps ensure that all products created are in compliance with customer specifications and industry standards.
- Supply Chain collaboration improves communication between suppliers and customers on compliance issues.
- Material management allows companies to monitor quantities of materials across organization.
- Movement tracking helps ensure that all materials are handled according to compliance standards.
- Sales optimization improves design product configuration for new markets.