|‘Product Lifecycle Management’ Solution (SAP Product Lifecycle Management, SAP PLM)
The ‘Product Lifecycle Management’ solution provides all the parties involved with the opportunities of holistic business process management related to product development and equipment maintenance. It provides the overview of the necessary information throughout the product life cycle: from the stage of product conceptualization, the development of its design and the launch of production to the stages of its modification management, technical maintenance, and support.
Main components of this solution and their functional capabilities:
Strategic procurement and sourcing
- Products Data Management provides environment for managing product technical parameters and characteristics of products, specifications, process maps (routes), and recipes, information on resources, structures, projects and necessary technical documentation throughout the life cycle of products and goods.
- Programme and Project Management provides modern tools for planning, management and control of processes, product development, capital construction and other long-term programmes and projects.
- Cooperation Throughout the Life Cycle supports collaborative design and product development, joint project management, as well as provides opportunities for the use of XML standards for Web-based interface and transmission of relevant information (financial and timeframe project schedules, documents, product structure etc.) between virtual project teams.
- Quality Management provides integrated quality management for enterprises of all industries throughout the whole life cycle of products and goods.
- Capital Assets Life Cycle Management manages technical facilities and equipment and includes all necessary functions that are a part of a company’s capital asset management system.