Name Section: Batch: Phone Number: Email address: Thesis Topic Specialization Area:

Lamha

PGP/FW/2009-11

A Study on Product Lifecycle Management FINANCE

Introduction:

Product lifecycle management, represents an all-encompassing vision for managing all data relating to the design, production, support and ultimate disposal of manufactured goods. PLM concepts were first introduced where safety and control have been extremely important, notably the aerospace, medical device, military and nuclear industries. These industries originated the discipline of configuration management (CM), which evolved into electronic data management systems (EDMS), which then further evolved to product data management (PDM). Over the last ten years, manufacturers of instrumentation, industrial machinery, consumer electronics, packaged goods and other complex engineered products have discovered the benefits of PLM solutions and are adopting efficient PLM software in increasing numbers.

Research Objectives PLM can be thought of as both (a) a repository for all information that affects a product, and (b) a communication process between product stakeholders: principally marketing, engineering, manufacturing and field service. The PLM system is the first place where all product information from marketing and design comes together, and where it leaves in a form suitable for production and support. PLM is a very important aspect of businesses today from a Mid-Cap Industry to a Large Industry or Firm the concept holds very true and thus the research aims to throw a light on what is PLM?     PLM components and financial benefits issues in evaluating PLM software and adopting a PLM tool guidelines for configuring a simple and flexible PLM solution industry, regulatory and military configuration management and quality standards affecting PLM system design

Research methodology: Secondary data Internet, books, Journals. Primary data Tool usedSample sizePersonal Interview, Case Study 50

Target Audience- P L M Firms

Scope of the work: The scope of this Thesis lies in firstly addressing what PLM is and then throwing a light on how PLM can Increase Product Quality, Manage Increased Product complexity etc. Justification of choosing the topic: The interest in PLM was born by reading articles based on the topic, though it is not a new concept but still the topic is not much talked upon or discussed upon the PLM concept is very useful and hence the research in this area will create awareness about PLM and will also highlight its importance, it is a very important aspect of marketing.

Name: Althea Paul Organization: PDXpert Designation: Manager Experience: 13 Years