Product Lifecycle Management (PLM) is a process that manages the entire cycle of a product from ideation to disposal, integrating data, processes, and people. It originated with CAD technology in the 1980s and has evolved to include advanced technologies like IoT and AI, providing benefits such as improved collaboration, efficiency, documentation management, decision-making, quality assurance, and cost savings. Companies can leverage PLM solutions to streamline processes and enhance product development across various industries.

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2. PLM or “Product Lifecycle
Management” is a process that is
used to manage the entire
lifecycle of a product, from
ideation to disposal. PLM involves
the integration of data, processes,
and people throughout the product
development process.
www.3hti.com

3. www.3hti.com
The Origins of PLM
The origins of PLM can be traced back
to the 1980s, computer-aided design
(CAD) debuted. CAD software enabled
engineers to create and modify 3D
models of products on a computer.
As CAD software became more
sophisticated, a need for a more
comprehensive system to manage product
information emerged. Product information
requires management throughout its entire
lifecycle, from initial design to production,
sales, and end-of-life. This led to the
development of Product Data
Management (PDM) systems.

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PLM Today
Today, a wide range of industries use PLM,
including manufacturing, aerospace,
automotive, and consumer goods.
Manufacturers and product developers
consider it an essential tool. PLM helps
designers manage product information,
processes, and collaboration across the
entire product lifecycle. PLM continues to
evolve, incorporating new technologies
such as the Internet of Things (IoT), artificial
intelligence (AI), and cloud computing to
further improve product development and
manufacturing processes.

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The Benefits of PLM
PLM can help companies reduce time-to-
market, improve product quality, and reduce
costs by streamlining product development
processes and improving collaboration
among team members. Benefits include:
Improved collaboration
Increased efficiency
Improved documentation management
Better decision-making
Improved quality
Cost savings

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Improved collaboration
PLM systems provide a single source of
truth for product data which:
Makes it easier for teams to collaborate
and share information, thus improving
communication internally and externally
Maximize supply chain collaboration
Reduces errors and rework
Accelerates time-to-market
Complete integration of engineering
workflows
Promotes innovation for new products
Ability to provide contract
manufacturers with access to a
centralized product record

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Increased efficiency
By automating manual processes and
providing real-time data, PLM systems can
help companies optimize their product
development processes, reduce waste, and
increase efficiency.
Better decision-making
PLM systems provide real-time data and
analytics that enable teams to make
informed decisions about product design,
production, and marketing. This can help
companies make more strategic decisions
that are aligned with their business
objectives.

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Improved documentation
management
Documentation that can assist in proving
compliance for RoHS or Title 21 CFR Part
11
Improved quality
By centralizing product data and automating
quality control processes, PLM systems can
help companies ensure that their products
meet quality standards and comply with
regulations.

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Cost savings
By reducing errors, improving efficiency,
and enabling better decision-making, PLM
systems can help companies reduce costs
associated with product development,
production, and maintenance.
3 HTi offers world-class PLM solutions,
including software and managed services.
Whether you have a PLM system that
needs an upgrade or you want to deploy a
solution for the first time, our team of
experts can help. Contact us for a
complimentary discovery session and PLM
audit.

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