Product Lifecycle Management
What is PLM?
Product Lifecycle Management (PLM) is the process of managing the entire lifecycle of a product from its inception, through engineering design and manufacturing, to service and disposal. PLM integrates people, processes, business systems, and information to support product development, collaboration, and decision-making across the entire value chain.
How Indic does PLM?
- Product Planning and Development: - Define product requirements based on market needs and customer feedback.- Collaborate with cross-functional teams fornew product development.
- Product Data Management (PDM): - Establish a centralized repository for managing product-related data.- Ensure data integrity and version control for effective collaboration.
- Change Management: - Implement processes for managing changes to product designs and specifications.- Define change control workflows to minimize disruption.
- Supplier Collaboration and Management: - Collaborate with suppliers to source components aligned with quality, cost, and delivery requirements.- Establish communication channels and metrics for continuous improvement.
- Manufacturing Process Management: - Define and optimize manufacturing processes to ensure efficient production.- Integrate manufacturing data for real-time visibility and analysis.
- Quality Management: - Implement processes to monitor and improve product quality.- Define quality standards and corrective action processes.
- Lifecycle Analytics and Performance Management: - Collect and analyze data on product performance and customer feedback.- Use analytics tools to visualize KPIs and identify areas for optimization.
- Service and Support: - Support products through their service life with maintenance and repair services.- Capture data on product usage and failures to inform service strategies.
- End-of-Life Management: - Plan for the end-of-life phase, including retirement, disposal, and recycling.- Develop strategies for managing obsolete inventory and minimizing environmental impact.
Why Indic?
At Indic EMS Electronics, our dedication to PLM extends across every phase of a product's journey — from conceptualization to obsolescence. Our PLM strategy starts at the design phase, where we employ advanced technologies to create digital twins and simulations. This ensures that products are optimized for performance, manufacturability, and reliability right from the outset.
Our Capabilities
- Product Data Management
- Collaboration and Communication
- Change Management
- Product Visualization
- Requirements Management
- Supplier Collaboration
- End-of-Life Management
Frequently Asked Questions
What is the product life cycle of an electronic product?
What is an example of PLM?
What is the product life cycle management?
What is product life cycle and its management?
What are the benefits of PLM?
Why is PLM important?
What are the 5 stages of product life cycle?
