With the emergence of the global economy and rapid technological change, it’s challenging for a business to stay competitive in today’s dynamic business environment. It’s vital for local industries to answer to global customer requirements for more complex and innovative products.
Product Lifecycle Management (PLM) is an inherent component for innovative and successful product development. PLM plays an important role as strategic contributor to business value across the enterprise, coordinating complex and cross-functional processes, to create the best possible innovative products. PLM manages the entire product life cycle, involving key tools such as computer-aided design (CAD), computer-aided manufacturing (CAM), computer-aided engineering (CAE), product data management (PDM) and digital manufacturing.