The Myths of PLM Exploring the Gaps in the PLM Promise for the Private Label Retailer & Brand Owner
Is PLM still the “magic potion” that cures all product development ails? PLM originally grew from the need to make better products, through better management of engineering and design information around the manufacturing process. PLM’s origin was the need to manage bills of material (BOM), manage complex images, and consolidate product design information in a centralized repository.
Roughly 15 years ago, when Product Data Management (PDM) was introduced to the fashion-related industries from more engineering-focused industries, it was hailed as the method by which all companies would collect and manage product information. PLM on the other hand, was not embraced equally. In an effort to expand the footprint of PLM and play up its indispensability, Product Lifecycle Management vendors have continually added functionality with the intent of helping the user. This White Paper will not only uncover 6 myths of PLM implementations, it will suggest alternatives to be considered before investing in a solution.