It’s been around since products were first being sold. Managing products throughout their lifecycle is not a new concept. When your business processes are aligned with today’s PLM software on a single platform, you can unify your product value chain with integrated business planning and supply chain execution to help drive faster innovations and improve how products are designed, manufactured, maintained, and serviced. Modern PLM software is quickly becoming the lynchpin to business transformation because it provides the digital foundation and enterprise product record for a holistic product development and supply chain strategy. As a result, these organizations are discovering that they need a cloud-based PLM software that is ready to help them be adaptable and responsive. For example, many companies are using embedded software services, such as product-as-a-service (PaaS) to sell new products or services. Today, supply chains have become more global and businesses are shifting their operating models. This includes the data from items, parts, products, documents, requirements, engineering change orders, and quality workflows. PLM software is a solution that manages all of the information and processes at every step of a product or service lifecycle across globalized supply chains.
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