Companies implement product data management (PDM) systems to provide their diverse and widely dispersed enterprises with access to a single source of product and process knowledge. Once a PDM system is in place, companies can leverage this knowledge to improve productivity, reduce product lifecycle costs, facilitate global collaboration and provide the visibility needed for better business decision-making. This white paper identifies the best-practice capabilities that a PDM system should provide to facilitate these fundamental business needs.
Product data management (PDM) enables companies to manage all of their product and process-related knowledge in a single secure but accessible system that can be used by multiple applications and multiple teams across an organization. With a PDM system in place, product information assets can be coordinated and synchronized, enabling companies to:
- Improve productivity and reduce cycle time
- Reduce development errors and costs
- Facilitate collaboration with anyone, anywhere
- Improve value chain orchestration
- Provide greater visibility so they can make better