| | | Product lifecycle management (PLM) is an enterprise, business and information strategy that enables companies to establish Global Information Networks, essential for developing and delivering world class products in today's highly competitive international marketplace. ► As an enterprise strategy, PLM lets your extended value chain innovate, develop, support and retire products as if it was working as a single company. As a business strategy, PLM allows you to capture and leverage best practices that drive your speed-to-market, cost containment and revenue enhancement objectives. ► As an information strategy, PLM provides globally dispersed product teams with common access to a single repository of product and process knowledge. PLM lets your product and production teams collaborate on a virtual basis and engage in data sharing in real time.You can use PLM to integrate multiple mission-critical systems, aggregate their knowledge and extend the useful lives of these investments. | | You can take advantage of PLM's open APIs and industry standards to minimize your data translation costs and extend participation in your enterprise. You can leverage PLM to provide total visibility into the workflows and decision making at all stages in the product lifecycle. PLM provides unique opportunities to: ► Maximize innovation throughout your product lifecycle, which translates into higher revenues, greater market share, faster time-to-market and improved portfolio success rates. ► Transform the decision-making processes you use to determine what products you should offer and how these products should be brought to market. ► Increase the value of your product knowledge by managing this information as an intellectual asset on an enterprise basis and leveraging it across multiple programs, projects and revenue-generating initiatives. ► Minimize lifecycle cost by replacing time-consuming manual processes with accelerated fully automated solutions. To address these opportunities, Siemens Plm software offers the Teamcenter suite of digital lifecycle management solutions. | | |