What Is PLM?


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What is PLM?
Welcome to the world of Product Lifecycle Management, where manufactures are building better products faster. PLM is recognized as an information technology-enabled business strategy that involves capturing and leveraging all information generated throughout the product lifecycle through standardized and automated business processes.

Remove the Obstacles to Efficient Product Evolution
Reducing indirect product costs through initiatives like Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) is just the tip of the iceberg when it comes to succeeding in today’s competitive market. Competitive and technological pressures are increasing the demand for innovative products to hit the market faster. CSHARE helps manufactures see and share product lifecycle information better across the enterprise to increase revenue, enhance innovation and decrease time-to-market.

If you can’t keep up with Today, What will you do Tomorrow?
Competitive and technological pressures are increasing the demand for innovative products to hit the market faster.

In fact, it’s estimated that new products represent about 50% of a company’s sales and 40% of their profits compared to 33% and 22% respectively ten years ago. To increase their top line, manufacturing companies have to produce more new and better products faster.

As overall technical progress grows exponentially every decade, new products will be obsolete faster. Speeding up the product development process while improving quality and decreasing costs is crucial to remaining competitive today and tomorrow.

Your Company’s Gray Matter is What Matters Most
Vast amounts of important information are created during a product’s lifecycle. Yet much of the value of this information goes untapped after its first use. cSHARE’s comprehensive approach helps manufacturing companies extract and reuse intellectual property throughout the product’s lifecycle and across the enterprise.

Specific results realized by cSHARE clients include:
•Increased revenues by shortening time-to-quote by 88%.
•Enhanced innovation by increasing time to optimize design while reducing product development cycles by 25%.
•Decreased time-to-market by reducing time to set up manufacturing by 70%.