Edging ahead with Product Lifecycle Management — Amplo Global Inc.

In a dynamic and rapidly evolving market, product lifecycle management (PLM) is often the crucial tool that separates the winners from the also-rans. It empowers organizations to anticipate and respond to the inevitable gusts of change that regularly sweep through every industry.

Organizations are constantly under pressure to release newer products that are more profitable, require less labour and can be better controlled from financial and environmental perspectives. They also have to be nimble enough to keep track of and exploit upcoming opportunities in technology, supply chains, regulatory updates or customer demands. “In this situation, PLM is an essential tool for coping with the challenges of more demanding global competition and ever-shortening product and component life cycles,” the report adds, noting that PLM can be looked upon as the business of managing, in the most effective way, an organization’s products all the way across their life cycles — from design to disposal.