STRATEGIES WATCH NOW
Sustainability Report : Innovating for change
How does PLM work ? PLM works by providing a centralised repository for all product-related information , which is accessible to various stakeholders across the organisation .
The process can be broken down into several key stages :
1 . Concept and Design : PLM systems facilitate collaboration among designers , engineers and other stakeholders , allowing them to share and refine ideas quickly
2 . Development : PLM tools help manage the transition from digital models to physical products , ensuring that designs are manufacturable and meet the required specifications
3 . Manufacturing : PLM systems help coordinate the manufacturing process , ensuring that materials , equipment and labour are available and used efficiently .
As more manufacturers implement sustainable business models , PLM systems are enabling circular product lifecycle practices in the early stages of the design process .
This makes it easier for companies to make products using a continuous cycle that includes : design , manufacturing , delivery , service , return , end of life or repair , reuse , recycle or refurbish .
PLM software enables businesses to track and measure the sustainability of their products over time .
PLM : The circular argument PLM helps manufacturers become more sustainable and more circular by :
• Streamlining environmental processes to ensure products are compliant with environmental standards and drive more environmentally conscious products to development
• Integrating with online component databases like SiliconExpert and Octopart to source sustainable parts
• Enabling real-time collaboration between internal teams and external supply chain partners to ensure design for manufacturability
• Eliminating design and latest-build confusion to reduce costly scrap and rework or production delays
• Addressing sustainability considerations in the design process , encouraging the adoption of eco-friendly practices early on .
144 November 2024