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Over last few years, web services, Java 2 and XML have provided the cheaper means for trading partners to make use of EDI. It is now possible to share data with less reliance on expensive dedicated EDI networks. The second comes the realization that Product Definition can be reused by virtually all business processes downstream. This has made collaborative product development a practical reality. These technologies have enabled effective implementation of Product Lifecycle Management (PLM) Solutions. This paper presents a literature review about PLM solutions, looking at its definitions, through to its need and scope of applications. It also presents the most generally envisaged architecture, explaining as to how it may be looked at and what it is expected to deliver. At the end it examines the market trend and revenue growth over recent years including future trends for the most prominent vendors pitched in the field of PLM solutions.
Over last few years, web services, Java 2 and XML have provided the cheaper means for trading partners to make use of EDI. It is now possible to share the data with less reliance on expensive dedicated EDI networks. The second comes the realization that Product Definition This has made collaborative product development a practical reality. These technologies have enabled effective implementation of Product Lifecycle Management (PLM) Solutions. This paper presents a literature review of PLM solutions, looking at its definitions, through to its need and scope of applications. It also presents the most generally envisaged architecture, explaining as to how it may be looked at and what it is expected to deliver. At the end it exams the market trend and revenue growth over recent years including future trends for the most prominent vendors pitched in the field of PLM solutions.