According to the PTC® website, "Product Lifecycle Management (PLM) helps you manage complex, cross-functional processes, coordinating the efforts of distributed teams to consistently and efficiently develop the best possible products. The PTC PLM software system manages all aspects of the product development lifecycle, from concept through service and retirement. By optimizing product development processes and using a single, secure source of information, you can develop products that are competitive, cost-effective, and high quality.
PLM software supports the product development process, to integrate people, processes and systems. It provides a product information "warehouse" for organizations. Primary benefits of PLM software include:
- Faster time-to-market
- Increased productivity
- Design efficiency
- Increased product quality
- Lower cost of new product introduction
- Insight into critical business processes
- Better reporting and analytics
- Navy / Marine Corps
- Air Force
Integrated Product Support Elements Addressed
This tool was identified as part of a product support analytical tools database provided solely to assist defense acquisition workforce professionals to identify best value product support solutions which optimize system readiness and life cycle cost. Neither the Department of Defense or the Defense Acquisition University provide any warranty of these tools whatsoever, whether express, implied, or statutory, including, but not limited to, any warranty of merchantability or fitness for a particular purpose or any warranty that the contents of the item will be error-free. This analytical tools database should under no circumstances be considered as being all-encompassing, and is in no-wise meant to endorse the capabilities or products of any particular individual, company, or organization.