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Defining PLM

Our Vision

Siemens PLM Software's vision is to enable a world where organizations and their partners collaborate through Global Innovation Networks to develop and deliver world-class products and services, allowing them to deal swiftly with emerging risks and opportunities. PLM, or product lifecycle management, is an essential element in effectively creating and utilizing Global Innovation Networks.

PLM could be defined as an information strategy; it builds a coherent data structure, consolidating systems. Or, you could call PLM an enterprise strategy; it lets global organizations innovate, develop, support and retire products as one company, while capturing best practices and lessons learned along the way. At Siemens PLM Software, we view PLM as an information strategy, an enterprise strategy and, ultimately, a transformational business strategy. We see it as a comprehensive approach to innovation built on enterprise-wide access to a common repository of product information and processes.

PLM enables the sort of convergence that ERP and CRM prompted in the past. In the early 90s, ERP unified finance, HR, manufacturing and warehouse systems. A decade later, CRM brought call center automation and sales force automation together. Now, CAD, CAM, PDM and the manufacturing process are converging through PLM. Yet, PLM is unique from other enterprise software because it focuses on driving top-line revenue from a repeatable innovation process. Through PLM, your products are a path to innovation, industry leadership and top-line growth.

How Does PLM Redefine Businesses?

PLM empowers businesses to make unified, information-driven decisions at every stage in the product lifecycle. PLM solutions establish a cohesive platform to:

  • Optimize relationships along the lifecycle and across organizations.
  • Maximize the lifetime value of your business' product portfolio.
  • Set up one single system of record to support diverse data needs.

Businesses that fully leverage PLM's end-to-end capabilities have the opportunity to:

  • Increase yield on innovation by extending product life. (See how Siemens PLM Software helped increase innovation at Hüppe.)
  • Streamline processes and manage performance against goals. (Learn how Siemens PLM Software helped Palm streamline processes.)
  • Gain efficiencies and control cost through re-use. (Discover how Siemens PLM Software helped The Wiremold Company realize value through re-use.)
  • Connect systems and people for unified decision-making. (Read about how Siemens PLM Software helped Procter & Gamble take full advantage of enterprise collaboration.)

Who is Defining the Future of PLM?

The PLM market is growing faster than any other enterprise software category. Siemens PLM Software is committed to creating the solutions our customers will need to stay ahead of competitors in a PLM-empowered future. We devote approximately 20 percent of our annual revenues to R&D, a high percentage for the industry. We believe sustained R&D spending is the integral to maintaining and growing value in our software.

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