Archive for December, 2013

Lower Your Manufacturing Costs When You Use Inventory Strategies

Written by Twitter Secrets on . Posted in Plm strategy, Product development life cycle, Product lifecycle management services

Product development life cycle

To be competitive among process manufacturers, it is important to know how to develop new products quickly. Then, once the product has been developed, it is equally important to produce the new products efficiently while maintaining all requirements by regulatory organizations. This is accomplished by using PLM implementation methodology, known as Product Lifecycle Management.

By reducing the cycle required to take a product from ideation to volume production, or reducing product commercialization, this process converts ideas and research into prototypes that can be manufactured at lower cost while launching quickly. Using product lifecycle management tools, companies will work with clients to reduce the time it takes to develop a new product, improve the process of receiving bids and purchasin