Product Lifecycle Management Software

PLM software can be thought of as an application designed to help users track all information around product design, production and consumption. It integrates all technology and systems throughout the product lifecycle, from design and simulation technology to procurement and manufacturing solutions.

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Showing 1 - 20 of 96 products
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Showing 1 - 20 of 96 products

monday.com

monday.com, an award-winning collaboration and project management platform, helps teams plan together efficiently and execute complex projects to deliver results on time. monday.com team management and task management tool allows ...Read more

4.60 (2639 reviews)

1 recommendations

Odoo

Odoo Point of Sale (POS) is part of Odoo’s integrated suite of business applications. The module is available both on and offline and provides unified data across stores and has an integrated inventory management function. Od...Read more

Canny

Canny is a feedback management platform designed to help businesses collect and analyze insights from customers and account holders, plan roadmaps and announce product updates. Administrators can automatically link feedback to exi...Read more

4.71 (31 reviews)

ClickUp

ClickUp is a cloud-based collaboration and project management tool suitable for businesses of all sizes and industries. Features include communication and collaboration tools, task assignments and statuses, alerts and a task toolb...Read more

JD Edwards EnterpriseOne

Oracle JD Edwards EnterpriseOne is an enterprise resource planning software with primary features such as real estate management, human capital management, environmental health and safety and commodity trading. What is JD...Read more

4.13 (136 reviews)

1 recommendations

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Kinetic

Kinetic (the new name for Epicor ERP) is the cloud ERP solution built with manufacturers, for manufacturers. Epicor offers a cloud ERP platform with deployment flexibility (cloud, on-premise, hybrid) that provides manufacturers wi...Read more

3.80 (167 reviews)

9 recommendations

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BlueCherry

BlueCherry is an enterprise resource planning (ERP) suite featuring modules for omnichannel planning, product lifecycle management (PLM), shop floor control, logistics, e-commerce, finance and electronic data interchange. It is su...Read more

4.24 (21 reviews)

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MasterControl Quality Excellence

MasterControl Quality Excellence (a QMS Software Solution) is an integrated quality management system that eliminates the need to paper-based quality processes. It helps life-science companies adhere more efficiently to the ever-c...Read more

4.47 (91 reviews)

4 recommendations

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SyteLine

SyteLine is an enterprise resource planning software created specifically for engineer-to-order, make-to-order, make-to-stock, and mixed-mode manufacturers. Customers in both discrete and process manufacturing can benefit from thi...Read more

3.89 (63 reviews)

6 recommendations

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Exenta

Exenta from Aptean is a cloud-based apparel management solution that helps apparel, footwear, accessories, home furnishing and other consumer goods brands, manufacturers and retailers to manage their various business operations. K...Read more

3.14 (7 reviews)

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Software pricing tips

Read our Product Lifecycle Management (PLM) Software Buyers Guide

Subscription models

  • Per employee/per month: This model allows you to pay a monthly fee for each of your employees.
  • Per user/per month: Users pay a monthly fee for users—normally administrative users—rather than all employees.

Perpetual license

  • This involves paying an upfront sum for the license to own the software and use it indefinitely.
  • This is the more traditional model and is most common with on-premise applications and with larger businesses.

Rated best value for money

Genius ERP

Genius Solutions is an on-premise ERP system designed for small to mid-sized companies in Canada. This software is suitable for make-to-order, engineer-to-order and lean manufacturing firms in most industries. ...Read more

4.17 (79 reviews)

4 recommendations

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BlackBelt Fusion

BlackBelt Fusion is a manufacturing suite that caters to businesses of all sizes across industries such as aerospace and defense, medical devices, electronics manufacturing and more. Key features include compliance and risk manage...Read more

4.70 (10 reviews)

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SpecPDM

SpecPDM is a cloud-based and on-premise product data management solution designed to help businesses in food and beverage maintain product information and control costs. Key features include traceability, configurable workflows, c...Read more

4.50 (2 reviews)

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Agile PLM

Oracle Agile PLM is a product lifecycle management solution that helps businesses manage product value chains. The platform enables cross-functional teams to collectively work on co-related assignments through an integrated framew...Read more

4.19 (21 reviews)

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Upchain PLM

Upchain is a cloud PLM solution with a fully functioning PDM system within it. Upchain PLM solution is designed to help small and medium-sized companies collaborate on design, engineering production, and maintenance processes acro...Read more

4.00 (1 reviews)

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EasyKost

easyKost is a cloud-based cost estimating and data mining tool. The platform uses technology such as artificial intelligence (AI) and machine learning algorithms to predict costs for products and services. The cost estimating tool...Read more

5.00 (3 reviews)

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Aha!

Aha! Roadmaps is the complete product management suite to set strategy, capture ideas, score features, and share visual roadmap plans. It includes Aha! Ideas Essentials for crowdsourcing feedback. More than 5,000 companies and 500...Read more

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Pluralsight Flow

Pluralsight Flow (formerly known as GitPrime) is a cloud-based productivity analytics solution that helps software development firms of all sizes get insights into project progress, productivity, workflow and more with objective m...Read more

4.70 (10 reviews)

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Momentis Fashion System

Momentis Fashion ERP is an enterprise resource planning solution which caters to wholesalers, distributors and self-sourcing retailers in the apparel and fashion industry. The solution can be deployed both on-premise and in the cl...Read more

4.18 (11 reviews)

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Anvyl

Anvyl is a production management platform that allows companies to manage purchase orders, communicate with suppliers, and house historical supply chain data from procurement to delivery of inbound goods. The collaboration engine ...Read more

4.32 (22 reviews)

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Popular Product Lifecycle Management (PLM) Software Comparisons

Buyers Guide

Last Updated: March 14, 2022

The goal of product lifecycle management (PLM) is to provide an infrastructure that companies can use to improve product quality. This is achieved by creating a centralized system to organize all data on all products, from initial conceptualization, to manufacturing, to sale and eventually to recycling.

For large companies with geographically dispersed teams, managing these processes and integrating data from throughout the supply chain is a complex strategy that requires software to help automate and connect disparate technology solutions. PLM software is the technology that ties these solutions together.

Here's what we'll cover in this guide:

What Is PLM Software?
Common Features of Product Lifecycle Management Software
Important Considerations
Market Trends to Understand

What Is PLM Software?

PLM software can be thought of as an application designed to help users track all information around product design, production and consumption. It integrates all technology and systems throughout the product lifecycle, from design and simulation technology to procurement and manufacturing solutions.

The advantages to using PLM software can be distilled to three main benefits:

Faster production. Through the use of computer-aided design software, designs can be quickly and easily created, and at lower costs. Meanwhile, computer-aided manufacturing functionality can manage machining processes to create more products, quickly.

More accurate production. PLM software can reduce the chance products deviate from design specifications during machining. Its users can also simulate and test designs before production to ensure finished products will be reliable.

More efficient production. Users can communicate with coworkers throughout the organization and share designs, production forecasts and other data. The creation of definitive, automatic processes for product build, assembly and disassembly.

These benefits combined lead to more organized, profitable product development.

 

Common Features of Product Lifecycle Management Software

The modules and features found within PLM applications will vary vendor by vendor: some systems are fully featured suites, containing modules to handle every step of the lifecycle, while other solutions offer phase-specific functionality to handle only one aspect of the lifecycle. Most applications act as the “integrator,” connecting various applications and data sources into one, coherent solution.

When evaluating PLM software, here are the key features and functionality to be aware of:

Application Description
Computer-aided design (CAD) CAD applications create two-dimensional drawings and three-dimensional models of components. Users of CAD software are able to produce designs more accurately and at greater speeds than professionals who design by hand. In addition, engineers can also reuse and update designs as needed.
Computer-aided engineering (CAE) CAE is an essential process to simulate products, anticipate weaknesses and build-upon preliminary designs to create safer and more structurally sound assets. Its features commonly include performance simulators, finite element analysis, mechanical event simulation and fluid dynamics analysis.
Computer-aided manufacturing (CAM) CAM ensures that manufacturers create products precisely to design specification. Its applications communicate with machinery to create items exactly as intended, while creating the necessary documentation to trace manufacturing trends at later dates. These applications can greatly reduce raw material usage and improve production efficiency.
Manufacturing process management (MPM) MPM software manages and automates all of the processes that take place to machine products. MPM is also a key component in streaming processes through various reporting functions that look to reduce lead times and inventories.
Product data management (PDM) PDM creates a central repository for all information on product design, requirements and processes. PDM modules are often accessible from any device and offer data security features for users who need to secure production information. Bill of materials (BOM), CAD files, supplier and materials data and information on machine processes are accessible through PDM modules.
Reporting and analytics Analytics can be used to find where lead times are getting out of hand and costs are greatly overshooting estimates. Many systems feature pre-built reports, as well as ad hoc reporting that users can customize to their own needs.

Important Considerations

When evaluating PLM software, there are a few key considerations that you should keep top of mind:

Integrated suite vs. best-of-breed software. Buyers have a lot of options in this market. Many of the major vendors in this space offer multiple applications with varying degrees of functionality. When it comes time to purchase software to assist with PLM, buyers have three main options:

  1. Purchase PLM software from your ERP vendor. Most enterprise resource planning (ERP) systems offer PLM functionality with their suites. Example vendors include: SAP, Oracle and Infor.
  2. Purchase a best-of-breed PLM software application. There are PLM-specific vendors that offer a suite of modules and applications to manage every step of the product lifecycle. Example vendors include: Siemens, PTC and Dassault Systemes.
  3. Purchase PLM modules on a stand-alone basis. Buyers may also choose to purchase CAD, CAE or other modules on as stand-alone tools. Example vendors include: Autodesk, MasterCAM and CAMWorks.

All three options have their merits and faults for particular buyers. We recommend buyers first evaluate their needs, consider the systems that new PLM technology must integrate with and then evaluate the systems that best meet this criteria.

Cloud-based vs. on-premise. Cloud-based PLM software is still in its infancy, but many of the big vendors now offer to host some functionality and allow applications to be accessed via the Internet. The benefits of using PLM software in the Cloud are similar to many other applications, such as low upfront spend and easy online access.

Because of the proprietary nature of the information stored in PLM software, many buyers choose to deploy this type of system in a private Cloud, or an online network managed by the users’ company, rather than by the software vendor. This allows buyers to enjoy the cost- and access-related benefits of the Cloud while maintaining tighter control around their data.

Market Trends to Understand

As we look to the future of PLM, there are some glaring trends on the horizon. First and foremost is the advancement and blurring of the lines that we’re seeing in connected devices. Over the next 5-10 years, more and more products will become connected. While this will lead to exciting product performance and maintenance monitoring, it’s also a new component of product design that must be taken into account.

From a manufacturing perspective, more and more products are going to require baseline software components built into them. This will add another team for existing design, mechanical, electrical, and other manufacturing teams to work with. Organizations will have to determine where, when, and how to embed software teams into the traditional PLM processes.