PLM to Enter Mainstream
As Product Lifecycle Management (PLM) applications become more affordable and enter mainstream, it will be easier for the Indian workforce to enrich their capabilities and design products along with the R&D teams.
The applications provide IT -solution to manage lifecycle of a product that includes — conception, design, manufacture and service.
Talking to CXOtoday, Vivek Marwaha, director of (PLM) at Siemens said that by reducing the hardware cost, the company has made these application available to niche and smaller skilled workforce. Mid-size jewellery design companies, house hold manufactures can experiment with designs and test concepts before final product.
PLM application functions as an integration tool for CAD, CAM and PDM, allowing collaboration among their methods, people and the processes. The application got restricted to sectors of automobile and heavy-electrical because of its high cost.
Fortune listed companies are setting up R&D centers in India will enable PLM application gain traction among auxiliary product companies - which need to augment designs and collaborate throughout the product cycle.
A product development executive on condition of anonymity said that the Indian workforce skills are largely employed to amend existing designs. But with availability of design tools (at affordable price), they are maturing to design proto-types. "This ensures high profits due to copyrights of designs that can add flagships to a company portfolio."
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