Supply chains have expanded globally in recent years, and corporate operational paradigms are changing. Modern PLM software is increasingly emerging as the keystone of corporate transformation because it offers the digital basis and enterprise product record for an integrated approach to product development and supply chain management. So what exactly is product lifecycle management software? Then let’s find 20 product lifecycle management software for every business in this post.
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What is product lifecycle management software?
Firstly, you need to answer the question “what is a PLM system”? Product lifecycle management (PLM) provides the foundation for the digital thread, offering supply chain agility and business continuity. Data control and traceability given by product lifecycle management enable firms to reduce costs, expedite time to market, and deliver the highest levels of quality and compliance.
As a result, software product lifecycle management is a system that controls all of the information and procedures at every stage of a product or service’s life cycle across multinational supply chains. This comprises data from things, parts, products, documentation, specifications, engineering change orders, and quality procedures.
Enterprise product lifecycle management software in digital thread
Currently, supply chain and customer centricity are key features of PLM 4.0 software. Due to its software as a service (SaaS) architecture, businesses are no longer required to hire a whole IT department to oversee it. Enterprise product lifecycle management in digital thread enables businesses to create and track a digital thread that connects the various voices of machines (Internet of Things), products (including digital twins), factories, and clients (through social monitoring) across the organization. The ability to access this data in the cloud in both directions at any time and from any location effectively connects previously independent corporate processes, destroys data silos, and removes the difficulty of compiling information from various supplier networks. As a result, innovation happens more quickly, decisions are made better, the time it takes to market is improved, costs are decreased, and product quality is increased.
How to manage product lifecycle?
Product lifecycle management systems in digital twin
A digital twin is a representation of a physical asset in the digital world. With the aid of digital twins, a product’s actual use can be reflected through the combination of current, historical, and representational data. When the data for a physical thing is made available, a digital twin of the same object can be created in a computer simulation to depict the behavior of the object during the design, construction, upkeep, or manipulation phases of a product’s lifespan.
Digital twins must be supported by systems that are interconnected and reference the same data through the digital thread, which is made possible by contemporary PLM software—PLM 4.0—in order to have the most impact. Every person who accesses the digital twin can feel confidence that their decisions are based on the most recent information if modifications to the digital twin are made swiftly and accurately in real time.
Digital twins are dynamic entities. They develop. As data is gathered from customers, factories, IoT sensors, artificial intelligence, machine learning, PLM, and operations throughout the product life cycle, it is weaved into the digital thread and the digital twin is improved. You can utilize the digital twin to create higher-quality products, guarantee optimum performance, simulate what-if situations, or estimate the cost/benefit of product improvements without actually making them by analyzing the data as it comes in in real time.
When do you need Product Lifecycle Management Software?
Regardless of profile, Product Lifecycle Management Software is for you if company projects have stalled, team communication has occasionally not been optimal, if you have regulatory requirements to meet or if your costs have increased. Company needs vary depending on size, business sector, and level of digitalization. The following are the top product lifecycle management software use cases:
1. Create the connection for product value chain
For quicker decision-making, streamline processes from product lifecycle management systems capture to product and service commercialization.
2. Integrate without interruption
PLM solution creates a more intelligent innovation pipeline that is fed by a constant flow of high-value concepts. Design, create, and manage engineering change requirements and the introduction of new products effectively.
3. Shorten innovating time to launch
Create a more intelligent innovation pipeline that is fed by a constant flow of high-value concepts. Design, create, and manage engineering change requirements and the introduction of new products effectively.
4. Reduce the cost
To make quick, effective judgments with real-time transparency and traceable data, implement closed-loop quality management.
5. Enforce product compliance
Utilize a single enterprise product lifecycle management product record that spans all apps to give today’s complex business transformations the speed and resilience they require.
6. Use the latest technology
Agile product lifecycle management can help gain immediate benefit with integrated predictive analytics, AI, ML, IoT, and digital support that collaborate to build digital twins and transform data into insights.
Product lifecycle management tools list for enterprises
We’ll summarize some significant product management technologies that are now available on the market and highlight the top 20 product lifecycle management software options for corporate lifecycle control. You may compare and assess the top product lifecycle management software and other PLM solutions rapidly with the use of this list.
Jama Software was formed in 2007 by Eric Winquist, who is also the Explorer Team Leader at the Global Explorers Club and a board member of Talkoot and Bigleft Networks. By bridging the gap between sophisticated system architecture and design and meaningful collaboration, Jama Software seeks to transform and modernize product delivery at the world’s most inventive firms. Jama Connect, its technology, brings teams together in such a way that they may organize their data in order to acquire valuable insights into what they are building and why. Jama Software excels in version control and requirements authoring and can be considered as a helpful product life cycle management tool.
Productboard is a customer-centric product management platform that assists enterprises in bringing the right goods to market as quickly as possible. Productboard is used by over 5,400 companies, including Microsoft, Zoom, 1-800-Contacts, and UiPath, to understand what users need, prioritize what to build next, and rally everyone around their roadmap. Productboard is ideal for technology enterprises.
Propel aids in the revenue growth and business value enhancement of product firms. Connecting commercial and product teams through the Propel product value management platform helps to improve decision-making, increase process efficiency, and engage customers with exciting goods and experiences. Propel has a history of increasing customer satisfaction, accelerating time to revenue and profit, and raising the caliber of products.
Aras®, a company with a focus on product lifecycle management, provides a robust product lifecycle management (PLM) solution appropriate for big businesses with complicated products and business processes. With the emergence of the IoT, in particular, the PLM provides them with access to a flexible, extendable, and scalable technology to face the challenges of industry 4.0 and digital transformation. For teams in North America, Aras PLM is ideal.
Andromeda PLM by NGC
Using a streamlined procedure, Andromeda PLM by NGC enables you to accurately and effectively build detailed specification packages. Your product development and sourcing process depend heavily on specification packages. Tech packs can be updated and sent using a web browser. Everything related to producing specification packages will be managed by this product. For industrial behemoths, NGC’s Andromeda PLM is optimal.
Siemens Teamcenter is a cutting-edge, flexible software product lifecycle management (PLM) platform that weaves a digital innovation thread between people and processes across functional silos. You can overcome more of the difficult problems necessary to produce extremely successful products because of the unequaled depth and breadth of the Teamcenter platform. More people than ever before may participate in the product development process because of the simple, intuitive Teamcenter user interface. Whether you choose to use Teamcenter on-premises, in the cloud, or as SaaS offered through Teamcenter X, you receive the same tested solutions that are intended to help you develop more quickly. For businesses with sophisticated needs, Siemens Teamcenter is excellent.
Upchain is a cloud-based software solution that combines product data management with product lifecycle management. Integrations keep teams working in the CAD and business tools they are already familiar with while configurable, out-of-the-box workflows manage your procedures to keep projects moving. For SMBs, Upchain works best.
Bamboo Rose is a prominent multi-enterprise product and supply chain platform that connects the community to assist retailers and suppliers in bringing excellent items to market faster, more efficiently, and at higher margins.
Bamboo Rose’s B2B platform streamlines the product development and delivery processes. It integrates a digital Marketplace, PLM, Sourcing, PO Management, GTM, and Financing, all of which are supported by sophisticated engines for platform optimization, costing, and scheduling. Bamboo Rose is ideal for retail businesses.
Centric Retail PLM
Centric Retail PLM is the creator of the Centric PLM Product Lifecycle Management (PLM) platform, which is paving the way for brands, manufacturers, and retailers in all segments of the consumer goods industry. Centric Software, headquartered in Silicon Valley, has broken the mold by developing cutting-edge digital solutions to meet the demands of every market player, large and small, and supports their objective to develop high-quality, sustainable goods that are on time and on trend. Centric Retail PLM is ideal for multi-category retailers.
ClickUp includes a variety of features in addition to task management, including documents, calendars, goals, and even an inbox. Each team can use the same software to plan, coordinate, and interact since ClickUp is completely adaptable and works for all team sizes. Over 100,000 teams at the world’s top businesses, including Google, Airbnb, Uber, and Nike, trust ClickUp on behalf of millions of users. Free collaborative PLM software is best found on ClickUp.
Arena PLM & QMS
Arena PLM & QMS’s integrated cloud-based PLM and QMS platform enables businesses to design, develop, and distribute new products quickly. More than 1,300 high-tech electronics and medical device companies across the world rely on Arena PLM & QMS to combine electrical, mechanical, and software designs into a single solution. Arena makes it possible for all parties to collaborate across the whole product lifecycle, boosting visibility and traceability. By streamlining procedures, automating review cycles, and lowering errors to boost profitability, this quickens the creation and release of new products. Your internal teams and external partners can use the most complete product development platform to accelerate product launches while lowering costs, boosting profitability, and shortening the time to market with Arena’s tested cloud solutions. Arena PLM & QMS is best for medical devices or electrical/electronic manufacturing.
OpenBOM is a PLM platform that maintains product data and connects manufacturers and supply chain networks over a digital network. Parts (Items), CAD files, Item Masters (Catalogs), Documents, Bills of Materials, Vendors, Production Planning, and Purchase Orders are all managed using OpenBOM. OpenBOM integrates your organization’s disparate data silos (CAD, Bills of Material, POs, ERP/PLM, and more) into a single manageable connected process. For medical devices or electrical/electronic production, OpenBOM is ideal.
ENOVIA, which is run on the 3DEXPERIENCE® platform, is the place to map out your notion of success. ENOVIA enables stakeholders from across the organisation to participate in sustainable innovation thanks to its diverse portfolio of technical and commercial solutions. ENOVIA offers a complete and powerful set of tools for agile product lifecycle management. With PLM capabilities built into the platform, digital continuity ensures that PLM data is accessible to everyone in the value network and that all pertinent stakeholders are involved in the PLM processes. ENOVIA excels in fields like information technology, services, or aviation and aerospace.
Duro’s enterprise cloud platform enables distributed hardware engineering and production teams to automate product data management, construct a resilient supply chain, and speed product development. Duro employs software automation to boost employee productivity and mitigate the hazards associated in creating and manufacturing hardware products. Engineering teams will boost communication productivity with their suppliers and decrease timeframes to production by using simple revision management for BOMs, CAD files, and supply chain data. Duro is ideal for aviation and aerospace, as well as consumer electronics.
Backbone, a platform used by top consumer goods firms, assists fashion and clothing brands in transforming ideas into products more quickly, efficiently, and at scale. The cloud-based software is perfect for rapidly expanding businesses that design and manufacture clothing, accessories, outdoor, home, and luxury goods, among other things. Backbone’s platform, which was created to increase production cycle efficiency, includes limitless custom fields, line sheets, a tech pack generator, an image annotation tool, a bill of materials, connected libraries for product and component data, palettes & colors, reports, and more. Backbone PLM is best for apparel & fashion.
Actify’s Centro solution is an Enterprise Information Handling system designed for manufacturers to combine their line-of-business product lifecycle management systems, such as ERP, CRM, CAD data, and others. Centro provides a unified platform where all product and engineering data is made available to the rest of the organization. Because of the quick access to data and improved cooperation, the design cycle is shortened. Centro provides its users with unique business insights to help them make faster and better decisions. Centro not only provides a single platform for all engineering and design data, but also gives you a deeper understanding of your product data with interactive infographics and predictive analytics. It provides you with all of the product life cycle management tool you need to manage your product data effortlessly and effectively. Centro reveals statistics and patterns that you were unaware of. It provides visibility not only into product data but also into the activity of other users to improve collaboration. Depending on your size and specific processes, you may pick and choose the modules and features you require from Centro to work with a solution that is tailor-made for your needs. Centro is the greatest option for Automotive.
Infor CloudSuite PLM for Process (Optiva)
Infor Optiva provides a complete, end-to-end solution on a single platform that is tightly linked with your ERP solution. The system enables you to develop goods more quickly, improve product efficacy, respond to market trends, and assure compliance with complicated regulatory requirements. You will be able to:
- Deliver rapid innovation using Infor CloudSuite PLM for Process (Optiva)
- Reduce development time by 50% or more by simplifying development procedures, enhancing collaboration, and integrating product lifecycle management with enterprise resource planning (ERP) and other key activities.
- Reduce material costs and increase manufacturing efficiency by optimizing formulae. Optiva provides industry-leading expertise in assessing material costs, inventories, and manufacturing capacity to assist process industries in selecting the optimal formula for a given product.
- Ensure complete labeling compliance.
- Create labels that adhere to regulatory rules on a consistent basis.
- Improve the pace, scale, and value of interactions among your employees with social collaboration.
- Deep integration with Infor and third-party solutions ensures application continuity.
Octopart is an electrical component and industrial product search engine. Octopart capabilities include:
- A strong search engine that allows you to compare millions of components quickly and easily, uncover critical technical information, make component selection decisions rapidly, and order parts from distributors.
- An easy-to-use BOM tool that allows you to store and modify BOMs, creating a snapshot of the availability and cost of the goods you want to use.
- A set of regularly used electronic components for prototyping, designing, and manufacturing linked device products is the Common Parts Library.
- The Octopart API, which enables interfaces with industry-leading design, sourcing, and manufacturing services.
- An Excel Add-In that allows you to access supply chain information for your BOM without having to leave your spreadsheet. A Google Docs Add-On, an open source project that connects pricing and availability information to your Google Docs BOMs.
Skyjed’s AI-powered end-to-end product platform combines every data point from a product’s complete portfolio and lifecycle into a single source of product truth. It provides product teams with a fresh view on their portfolio as well as a shortcut to determining their best next move. Skyjed offers a purpose-built product management and governance platform that includes design and monitoring, data and analytics, customized workflows, and automated chores to help you focus on revenue development while remaining compliant.
BOM Creator is a SolidWorks, Solid Edge, and Inventor Add-On tool in PLM software list. BOM Creator caters to the day-to-day Bill of Materials requirements of various departments within the organization. It allows you to quickly build a Bill of Materials for large assemblies. It not only handles standard BOMs, but it also assists in the creation of detailed lists based on the manufacturing lead time for manufacturing parts and the buying lead time of all purchased products for entire machines. It enables more effective collaborative Design, Production, Planning, and Purchase and accelerates the entire manufacturing cycle. This tool mostly serves the following functions:
- 3D CAD and SAP/ERP integration
- Prepare a thorough material summary of the machines.
- Create segregated reports based on the Part Type.
- Create reports based on the Manufacturing and Purchase Lead Time Reports to track the release of designs.
- Project costing based on all parameters
- Machine Comparison for Total Planning
As a result, the pressure to launch products first to market, entice top personnel, and manufacture goods of the best quality using sustainable methods will only grow over time. Shorter, more meticulous design and product engineering cycles made possible by PLM software tools can help companies achieve these objectives, but only if they invest in the necessary technology and identify the top 20 product lifecycle management software.