Today, engineers have a lot more control over the direction of their products, and PLM is where they reflect these decisions. PLM is the only data repository where someone can get a holistic view of the entire product and its history of changes.
Time to market and innovation issues are only two examples from the long list of the most common challenges even the top manufacturers face. In an effort to solve their problems and optimize their business processes, most manufacturers turn to tailored PLM solutions nowadays.
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