The product development life cycle - innovate, conceptualize, plan, design, procure, produce, deliver, service, and retire - naturally includes multiple people, operating in multiple departments, and typically from multiple companies, each with locations in multiple countries around the world. Solving inherent difficulties that result from managing this complexity are the raison d’être for PLM solutions.
erp power of sap
will diminish as the ERP vendors continue to improve their PLM functionality, collaborative capabilities and accessibility and add universal interfaces, including the new Web service standards to facilitate access and integration of data outside their own environment. Thus, the PLM vendors need to establish as strong a hold on the market as possible before the enterprise and platform vendors catch up, despite PLM''s proven staying power within IT departments. Especially the remaining tier two and three,