Product lifecycle management is an important principle that not only means providing the right infrastructure for the business, but also improving product quality to achieve maximum consumer satisfaction. Product lifecycle management programs are digital advancements developed today to manage complex strategies related to the manufacture of superior quality products.
This includes automation of the manufacturing process and reduced production cycles that help achieve profitability and process efficiency. In today’s world with increasing demand for a variety of products and global shipping, production units must compete without compromising product quality. The desire to achieve improvement goals in this business environment led to the implementation of Product Lifecycle Management software.
If your business is looking to develop manufacturing skills, design better products, and develop Product Lifecycle Management strategies to increase overall revenue, and achieving customer satisfaction, then take a look at the seven best Product Lifecycle Management software of 2021.
1. Upchain PLM
Best for built-in workflow management
Upchain is a cloud-based PLM solution that simplifies product development and helps teams collaborate on product design. It also assists in production engineering, process management, and maintenance throughout the supply chain.
It also facilitates collaboration by making product data more visible, manageable, and shared around the world. You can also use the cloud PLM to edit, manage change, view 3D CAD files, and more. You can also work with anyone interested to receive feedback on a dashboard.
Other features include role-based security permissions, file comparability, GD&T reviews, and design documentation.
Additionally, you can import or export files to a variety of file formats, including XML, PDF, Excel, and image files. It also supports integration with EPLAN, AutoCAD Electrical, and Promis.e.
- Microsoft Office plugins
- BOM management
- View CAD files in 3D/2D
- Change management
- Built-in workflow management
- Agile project management
- CAD plugins and API Integrations
- ECR creation and management
- Full PDM with check-in/check-out functionality
- Collaborate on a single project dashboard
Price: Upchain PLM offers three pricing options:
- Participant: $30/user/month/ (for project followers, information seekers, and ticket-raisers)
- Team: $70/user/month (for contributors and feedback-givers)
- Professional: $200/user/month (for project managers and engineers)
2. Aras PLM
Best for controlling and managing your finances
Aras provides open-source product lifecycle management software based on the architecture that allows you to customize your system the way you want it. This allows companies to manage their products and run product launching campaigns. It operates in more than 160 countries to manage departments, organize product lifecycle and develop better business plans.
It also provides an engineering bill of materials (EBOM) and a manufacturing bill of materials (MBOM) to help you manage your money. Integration with various platforms and software also helps to control and manage the overall financial life cycle requirements of the product.
Aras PLM is also equipped with collaboration tools to facilitate fast group communication. You can also take advantage of approval solutions and choose online spare parts purchased externally. Besides, it comes with document management tools to manage changes to multiple files and manage all their versions accurately.
- Requirements management
- Document management
- Self-service reporting
- Quality assessment and management
- BOM management
- Project engineering
- Configuration management
- Automatic and bi-directional data synchronization
- Manufacturing process planning
Price: Aras PLM offers various flexible pricing options depending on the number of users. This is the pricing table:
|No. of Users||Price/User/Month|
|Tier <250||Find a partner|
3. Oracle Agile PLM
Best for cost and quality management
Oracle Agile PLM is a product lifecycle management tool that helps you manage your product value chain and design and launch new products. It also integrates with Computer-Aided Design (CAD) systems to manage items, spare parts, products, documents, requirements, engineering change orders, and workflows.
It comes with a customizable dashboard to help you use your knowledge to study practical information. In addition, you can turn your data into information using built-in tools based on predictive analytics, artificial intelligence, machine learning (MI), IoT, and digital help.
Oracle Agile PLM also facilitates remote work collaboration. A single control panel allows multiple teams to work together on different tasks. Businesses can also synchronize data through external and internal groups.
Another feature is that Agile PLM works on your smartphone, so you can work anytime, anywhere. Innovation management includes ideas for new products, services, or markets from a variety of sources. It also provides 360-degree information on all ideas, prices, costs, and restrictions.
Also, product development includes product development and marketing, reducing design costs, and enhancing product compliance. On the other hand, component modelling requires complex product modelling, application-based modelling, and so on. It is also useful for designing, building, and controlling business logic.
Besides, additional support and tools are available for all functions, including purchase, prototype, design, certification, and decommissioning of production line requirements.
- Product development
- Innovation management
- Closed-loop quality management
- Cost management
- Portfolio management
- Configurator modelling
- Product master data management
Price: Contact the vendor.
4. Autodesk Fusion Lifecycle
Best for managing an entire chain of cross-functional quality processes
Autodesk Fusion Lifecycle is a cloud-based product lifecycle management tool that helps you create the backbone of product information for your project. Helps you think, design, and automate processes, workflows, products, and personal data. And because it is a cloud-based solution, anyone interested can access their data anytime, anywhere.
Quality control includes the coordination, control, and review of the entire chain of quality processes between departments. It also provides built-in integration with 3D printing tools such as Autodesk Design and visualization software to help you manage 2D and 3D CAD files. You can also manage all design documents, including Excel, PowerPoint, PDF, DOC, and more.
It equally comes with a configurable “introduction to a new product” project template. These templates help you categorize milestones and tasks by business unit, product line, etc.
- Supplier collaboration
- Quality management
- Version, Revision, and Release Management
- Product data management (PDM)
- Configure and manage Bills of Materials (BOMs)
- Change management tool to track all the versions of product designs
- Real-time access to all the relevant data
- Graphical dashboards for quick interpretation
Price: Autodesk Fusion Lifecycle offers two pricing options:
- Pro: $965/user/year
- Enterprise: $1935/user/year
5. PTC Windchill
Best for streamlining product development and collaborating with your remote team
Windchill by PTC is PLM software that provides product lifecycle management and product data management (PDM) solutions. This tool helps you distribute, transmit, publish, share and visualize product data in real-time. This tool is compatible with Linux, Windows, and UNIX and supports an open architecture for integration with other tools such as IoT, CAD, and ERP.
Other features include the ability to view, annotate, interact and collaborate on digital product data in all 2D, 3D, and AR formats.
One of its most unique features is the ability to customize the user interface. User interface customization involves placing frequently used drives on top for easy access.
The latest update provides a completely redesigned software architecture to make it easier to meet the latest industry requirements. For example, the corporate visualization solution for MCAD, Creo View 7, provides a visual comparison of model-based definitions (MBDs) for better critical quality management (CTQ) management.
- Data visualization
- IoT-based “Always On” system monitoring
- Bill of material (BOM) transformation tools
- CAD and MCAD models
- Cost estimation and analysis
- Outsourcing and project management
- Multiple system data management
- Augmented Reality (AR) and 3D visualization
- Ability to collaborate and operate from different locations.
Price: Contact the vendor.
6. SAP PLM
Best for integration with ERP
SAP provides PLM solutions throughout the product life cycle process, from the start of the product life cycle and brainstorming to manufacturing and service. Helps you plan, design, and manage production processes with greater clarity and control.
The tool also supports document management, product structure management, compliance, collaborative construction, configuration, product quality, and more.
SAP PLM is part of the SAP Business Suite and provides solutions for innovation management, product compliance, product management, and more. Also, the program complies with all compliance regulations and provides SAP S / 4HANA for product compliance.
With features like project proposals, progress, tasks, and schedule simplification, you can track all your data from one place.
Besides, it provides real-time product cost calculations to help you determine costs, target prices, and profitability. SAP PLM also supports multi-product engineering that combines all relevant mechanical, electrical, and electronic design data.
Simplify product development with all portfolio management features, such as project management, resource management, and optimization.
Other functions include a comprehensive analysis of status reports, automated key processes, collaboration spaces, and 3D rendering systems. Provides multiple possibilities for collaboration through mechanical changes, costs, product data, etc. To improve control and visibility.
- Product engineering
- Project plan coordination
- Task and issue management
- Project document control
- Project portfolio management
- Commercial project management
- Product cost calculation and simulation
- Requirements acquisition and management
- Product collaboration and enterprise visualization
Price: Contact the vendor.
7. Teamcenter Siemens
Best PLM software
Teamcenter from Siemens Digital offers a complete range of cloud-based Product Life Cycle Management (PLM) solutions. Manage product data, 3D drawings, and other business processes such as documents, embedded software, and hardware (BOM) accounts.
Mechanical design management includes computer-aided design (MCAD) management in a product data management (PDM) environment. It also increases engineering productivity and automates mechanical change, verification, and approval processes.
Siemens PLM also has a multi-CAD environment that can be used for tasks such as design verification. It also reduces product development costs.
You can also integrate structured documents such as digital signatures, translation management, and multi-channel posting into the PLM environment. In addition, the materials management account works for the accurate management of product data.
Other functions include model-based systems engineering, product cost management, program scheduling, and vendor and vendor integration.
The search and analysis function collects and gathers all the data generated from various data points throughout the life cycle. It also creates visual references to help you understand the product and process.
It also helps simplify operations while giving you complete control over the process and product information. Businesses can manage and share invoices, simulations, and other data on a central platform.
It is a cloud-based solution, so you can easily get all your data from anywhere. Project data is always available to all interested parties.
- Change management and workflow
- Mechanical design management
- Electrical design management
- Materials Data and lifecycle management
- NX Integration
- BOM (bill of materials) management
- Electrical design management
- Document management and publishing
- Manufacturing data and process management
- Visualization, digital mockup, and virtual reality
Price: Quote-based pricing structure.
All of these PLM solutions help connect groups, processes, and data throughout the product lifecycle to a control panel. Ultimately, the program you choose depends on the needs of your business, the number of users, the budget, etc.
For large companies, we recommend the Autodesk Fusion Lifecycle. Aras PLM and Upchain PLM are better choices for small businesses with fewer demands.
Overall, the best product lifecycle management (PLM) software is Teamcenter Siemens. This tool provides all the features you need for PLM software, such as BOM management, document management, publishing, rendering, and digital forms.