Product lifecycle Management
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.
Infor PLM has helped companies like yours:
- 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