Product lifecycle management (PLM) encompasses all aspects designed in order to improve design, production, sales, and after-sales service for each item. A wide variety of tools and modern technologies is used to streamline the processes. One of them is Teamcenter and other types of PLM software.

How does it work and how can you use it for the benefit of your business? What can you do to implement new technologies in your business in the best possible way?

PLM software vs. Teamcenter – what is it?

PLM encompasses the entire product life cycle – from the first design phases, through production, to maintenance, and post-production troubleshooting. Each project consists of many tasks and challenges faced by company employees, suppliers, and logistics and warehousing specialists.

Greater complexity of strategies and processes requires more sophisticated tools to manage the product life cycle at each stage. This is done using solutions referred to as PLM software, whose purpose is to integrate data for more efficient work and optimize the exchange of information among the various teams involved in a given project.

Why you should care about better product lifecycle management – Teamcenter

What are the benefits of implementing PLM software, such as cloud solutions, offered, for example, by SILK PLM? The advantages appear at all stages of design, production, and post-production.

What are the benefits of such an option? Designers can use digital simulations to design solutions even better, eliminating key flaws at the initial creation stage. PLM software improves communication within the company and between all links in supply chains, including, for example, manufacturers and suppliers, transportation, logistics, and maintenance. This helps optimize processes, reduce the resulting costs, and shorten the time it takes to deliver a finished product to a satisfied customer.

Teamcenter – what is it about?

One of the PLM solutions available is the Teamcenter platform, which is used to manage all stages of the product lifecycle. The software consists of modules, tailored to different expectations and specifics of a particular company, which allows the system to be easily adapted to the needs of a particular environment, company, or supply chain.

What do Teamcenter and other PLM products allow you to do? They make it possible to implement automatic mapping and numbering of all files, related to a given project and the individual processes included in it. This means professional data storage in a digital format, with real-time access (cloud software).

With this, you gain the ability to:

  • track change history,
  • check which stage of the project you are at,
  • verify who is responsible for a particular part of the project.

What does the use of PLM software mean in practice? You gain a system for better project management in the company. It is because of an integration of the environment for all departments of the company or all supply chain participants involved in a given process. PLM systems also mean a more efficient circulation of documents, faster access to verified information, less risk of error, and, as a result, optimization of work, production time, and costs.

PLM software – a way to manage product life in a company more efficiently

PLM systems are gaining popularity among small and medium-sized companies. For them it is a way to gain a competitive advantage over industry rivals. What can be particularly useful are cloud-based platforms, such as tools provided by SILK PLM, which offers comprehensive solutions for business. They make all data available in real time to all parties involved in the process.

This reduces costs, increases operational efficiency, allows better management of supply chains, and helps make business decisions based on real and complete data, which is extremely important to gain a real advantage over rivals in demanding global markets.