Product Lifecycle Management (PLM) It is the process of managing a product’s lifecycle from inception, through design and manufacturing, to sales, service, and eventually retirement. As a technology, PLM software helps organizations to develop new products and bring them to market. The software makes it easy to track and share data along the product value chain, from initial design through manufacturing, supply chain management and operations, and asset maintenance. PLM fundamentals In an age where innovation is key to business survival and success, PLM plays a critical role in helping manufacturers develop the next generation of products, at a lower cost, and with a faster time to market. While PLM can also be interpreted as a business strategy, three fundamentals impact the way teams work and the ability for organizations to grow and thrive: Universal, secure, managed access and use of product definition information Maintenance of the integrity of that product definition and related information throughout the life of the product Management and maintenance of the business processes used to create, manage, disseminate, share, and use the information. Manage Engineering Changes with real-time communication. Managing engineering changes efficiently is all about communication. e-storeworks PLM harnesses the power of an enterprise social network to help you communicate more efficiently across multiple departments. Everyone follows only what they need, approvals are simple, and discussions on documents are centralized in real time. Integrated Document Management Pass information to manufacturing with triggered alerts on worksheets or work center control panels. Attach your documents directly to BoMs, routings or anywhere else. Easily manage multiple versions of your documents. e-storeworks PLM is powerful and easy to use.