PLM as an Operating Model - virtual+digital

Product Life-cycle Management (PLM) can be defined as an operating model enabling Product Realization [create, make, sell, service, re-iterate, re-use or re-cycle].

Short:

PLM is the glue between Product Engineering & Project Execution [design, development, manufacturing] Operations and Engineering-IT, enabling the entire Product Realization, by aligning people and process with technology.

Long:

PLM is the operating model [and platform], in business improvement terms, that includes the creation and management of information [data] related to a company’s digital product engineering, digital manufacturing and project engineering & execution, augmenting human creativity, enabling faster product creation and innovation.

What are your thoughts?

This post was originally published on LinkedIn on 14 March 2015.

About the Author

Lionel Grealou

Lionel Grealou, a.k.a. Lio, helps original equipment manufacturers transform, develop, and implement their digital transformation strategies—driving organizational change, data continuity and process improvement, managing the lifecycle of things across enterprise platforms, from PDM to PLM, ERP, MES, PIM, CRM, or BIM. Beyond consulting roles, Lio held leadership positions across industries, with both established OEMs and start-ups, covering the extended innovation lifecycle scope, from research and development, to engineering, discrete and process manufacturing, procurement, finance, supply chain, operations, program management, quality, compliance, marketing, etc.