SAP PLM is a system which helps companies to plan, design, build and administer production with greater visibility and more control. It allows efficiently tracking, controlling and managing all information related to products over the complete lifecycle. SAP PLM provides companies with all the tools they need to efficiently manage the product lifecycle and is part of SAP Business Suite.
Core components of SAP PLM include integrated product development, innovation management and product compliance. The software not only allows companies to meet the quality standards and provide complete visibility into the processes, but also ensures compliance regulations.
SAP PLM is available for a variety of different industries and offers targeted solutions. The Portfolio Management features ensure that product development is in line with company’s strategic goals.
SAP PLM Benefits
SAP PLM provides enterprises with all the tools they need to leverage new opportunities and act on new markets. This includes analytics tools and business intelligence for better collaboration, while it also allows proactively identifying new strategic opportunities. The software supports innovation by helping companies align talent, capabilities as well as partners. This allows companies to transform best ideas into innovative and successful products and capitalize on them. It also allows cross-functional definition and coordination of resources to ensure optimum product launches and aligns portfolios with strategic objectives.
Integrated Product Management
The collaborative development features provide better visibility and control over cost, product data, engineering changes and other documents. It supports document management, manufacturing collaboration, variant configuration, product structure management, material master management, product costing, quality engineering and return and complaint analysis. The early visibility of ‘materials required’ results in improved cost savings. Spare parts management, PO management, collaborative bidding and supplier identification and onboarding are also supported. Prototyping, quality control processes, manufacturing ramp-ups, service manufacturing process planning features help sync design and manufacturing for better productivity.
The software makes environment and health and safety a key component of the development process. It helps organizations identify and assess regulatory risks, integrate compliance controls in the supply chain, manufacturing processes, quality management and also ensure compliance in sales, service and distribution.
SAP PLM Features
Strategy and Planning.
Program and Project Management.
Product data sharing for component and task sourcing.
Design and manufacturing synchronization.