Product life-cycle management is the practice of systematically planning, controlling and documenting a product throughout its entire lifecycle. A product’s lifecycle consists of the stages it goes through from conception to retirement.
USING TODAY’S PLM
Today’s PLM systems are still on the cloud and this PLM software comes with a lot of benefits, few benefits are listed below:
The only downside to PLM solutions is that they come with a price. But compared to the above given PLM’s benefits, the up-front cost is often worth the Return on investment (ROI).
Today, PLM is a more cohesive set of tools that various departments use to help them work together. In the future, PLM will be a circular tool, empowering businesses to both design their products and rework those designs to create more optimized products. PLM enhancements will make PLM more critical to businesses than ever before. These Enhancements have even become a requirement for some IT departments.
A few well-known reputed companies that use PLM are in the aerospace, automotive and defence sectors, few are well-known listed. Airbus, Boeing, Volkswagen, ALFA Laval, BE Aerospace, BEHR, BOSCH.
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The vehicle networking industry has witnessed remarkable growth in recent years, driven by the increasing demand for connectivity and the need for advanced safety features. With the emergence of smart cars, the focus has shifted towards developing robust and reliable networks supporting various advanced applications.
As technology continues to advance at a rapid pace, the automotive industry is experiencing a transformation with the integration of various electronic systems into vehicles. This shift has led to a greater emphasis on enhancing safety and reliability in vehicles, and one technology that has played a crucial role in achieving this is AUTOSAR (AUTomotive Open System ARchitecture).