Issues
In a highly competitive industrial context, Product Lifecycle Management(PLM) enables industrial companies to accelerate the design and industrialization of new products, while optimizing costs. Involving numerous professions (sales, R&D, industrialization, etc.) and data, product lifecycle management is a complex process, supported by Industry 4.0 principles through digitalization and artificial intelligence.
From needs identification to market launch, each stage in the product life cycle – needs identification, sourcing and purchasing of resources, product definition, design and validation, industrialization – must be perfectly mastered to guarantee optimum quality, reduced lead times, and effective risk management.