What is Product Lifecycle Management Software - PLM?
Product lifecycle management (PLM) provides a systematic approach to managing the series of changes a product undergoes, from its design and formation to its ultimate dumping or retirement. PLM is related to manufacturing, but the management configuration can also be utilized for service provision and software creation. PLM can be categorized into the following stages:
Beginning of life (BOL) - includes new product design and building processes.
Middle of life (MOL) - includes collaboration with suppliers, warranty management, and product information management (PIM).
End of life (EOL) - includes plans for how the products will be discarded or recycled.
A PLM software solution can help enterprises to manage their product's lifecycle by providing a data warehouse for all the information that impacts the product. The software can be used to automate the handling of product-related data and to combine the data with other practices such as manufacturing execution systems (MES) and enterprise resource planning (ERP). The objective of PLM software is to reduce waste and improve efficiency. PLM is viewed as a crucial element of the lean production model.
Disaster recovery and security are two main factors that need to be considered by SaaS buyers when analyzing potential vendors.
Many SaaS providers do not have a disaster recovery site. Therefore, ask the following questions to your shortlisted providers: How do you test your disaster recovery procedures? What is your recovery time? How often do you test? Do you have discrete infrastructure; are your chief site and your disaster recovery site placed in different geographical locations?
You need to be aware that many SaaS vendors do not use enterprise-grade infrastructure to install SaaS apps. Many programs have multiple providers. For instance, there may be a firewall provider, an Internet provider, and a few others too in the mix. If a problem rears up, there is a lot of finger-pointing. This problem is common with on-premise IT platforms. The solution is to decrease the number of vendors so that there is answerability to ensure they take responsibility about performance.
Ask the potential SaaS vendors the following questions about security: Is your firm SAS70 compliant? What security processes are used at your data centers? What security audits and principles does your firm follow? Who manages access and identity management, web application firewalls, log file management, and network connectivity?
Needless to say, take your time to research methodically and get the answers to the above questions before you invest in a suitable SaaS solution.