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Product Lifecycle Management

23.07.2010

In our globalized world, constant cost and market pressures force companies to optimize their business processes as well as to act faster, more selectively and more efficiently. In managing their global workflows, companies are confronted with ever higher requirements. Only those that sustainably produce high quality products can maintain a competitive edge in the global economy.

To enable companies from a wide range of industries to achieve this goal, Siemens has developed the Product Lifecycle Management (PLM) software and the concept of the Digital Factory. This topic was the theme of a specialized conference, the Siemens PLM Connection, which took place from June 28 to July 1 in Dallas. This conference showcased new, innovative products used to increase CAD/CAM/CAE productivity and further product development. The High Definition PLM technology was also demonstrated, which helps optimize the use of data and increase the speed of decision-making within PLM.

With the Digital Factory approach, product development as well as production planning and design can be carried out virtually and implemented for production at a later point. It enables complex production steps and the current operating status to be simulated quickly and economically. This can shorten market launch times by as much as 50 percent. The Digital Factory is based on the PLM software. Software solutions for vertical integration, as a preliminary stage of the Digital Factory, can promote effective cooperation among all company units. The specially coordinated Siemens portfolio comprising PLM software and automation technology enables companies to launch products quickly and maintain high productivity.

 
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