Towards Collaborative Innovation Via Product Lifecycle Management (PLM): Status Review and Technology Trend

Today’s global economy makes enterprise face ever-increasing challenges for short time-to-market, reduced time-to-volume, decreased time-to-profit. This requires companies closely work with each other for continuous innovation by leveraging intellectual property. Product Lifecycle Management (PLM) is recognized as one of leading technologies to facilitate enterprises to tackle these challenges. Following this trend, based on the complete analysis of business drivers, industry requirements, limit of current solution, and recent state-of-the-art review in the domain related to PLM, this study proposes the comprehensive future technology solutions for PLM. Potential industrial impact of the developed PLM technology is analyzed. It is hoped that the proposed PLM technology trend will form the frontier basis for further academic research and industrial application of PLM technology.Copyright © 2005 by ASME