For an extended enterprise, it’s difficult to integrate the systems, data & communication. Product lifecycle management enables these enterprises to manage & align the information throughout the product lifecycle. PLM software unifies the entire product value chain by providing the single & collaborative platform.
Today’s product-oriented manufacturing industries have their own unique challenges because each one has its own process, compliances & demand. Now the ever-competitive market has created a downward pressure on the prices and innovation. Product development companies have to be agile and should be able to adapt to changing market needs. Added to all this, the industry regulation and compliances have become stricter the manufacturers have to be compliant with this as well.
The major concern for a product manufacturer is disjoint supply chain partners because they have their own process & system which makes it difficult to collaborate without a system that can streamline all the process and unify all the system for fluid collaboration. PLM software helps unify the disjoint process & system.