Build profitability and sustainable growth into your new products.
Successful new products are the lifeblood of your company’s growth and profitability. The success of 60% of most new products is determined in the product development phase, including 80% of costs and 90% of regulatory risks. Supplier collaboration early on can improve your product’s capabilities, as well as minimize costs and time to market.
Infor PLM (Product Lifecycle Management) helps your business maximize profit by optimizing every stage of your product’s life from portfolio management to product development to ongoing maintenance and retirement. It integrates product information from design and engineering with sourcing, compliance, suppliers, and supply chains to speed product development, ensure quality, and mitigate regulatory risks.
* Improve product innovation
* Drive revenue growth with successful new product introductions
* Boost new product profitability by up to 10%
* Reduce time to market by up to 50%
* Improve on-time product launches by up to 98%, including regulated industries
Infor PLM is a web-enabled product lifecycle management system that is used by enterprising companies around the globe to transform products into profits. Capable of integrating with leading CAD/CAM software and ERP systems in multi-company and multi-site environments, it includes the following key components:
Integrated PLM—a set of integrated project, portfolio, and research and development (R&D) applications that speeds development of new products and variations by managing all aspects of the project, and minimizing time to knowledge though information transparency and analytics.
Product Data Management (PDM)—tools that streamline new product development and variations by facilitating secure access to a single source of the truth for accurate product information including drawings, formulas, bills of material, engineering change orders, and the like.
Collaboration—seamless integration of customers, suppliers, and/or partners to shorten time to market, reduce costs, improve quality, ensure compliance, and increase innovation
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