Key Success Factors for Product Lifecycle Management Introduction

“All product data over the entire lifecycle in one central location”.

That is the basic idea behind a Product Lifecycle Management system. For many organizations, the introduction of a PLM system represents a milestone in the digitization of the company and the advantages cannot be dismissed – to name just a few: Single-point-of-truth for the product data, high process reliability and end-to-end transparency in the case of changes.

As a rule, the introduction of a PLM system is a comprehensive project that affects many, if not all areas of a company and therefore also involves certain stumbling blocks. In order to avoid these at an early stage and to successfully implement the “PLM introduction” project, the following seven success factors will help.