Published 1 Jun 2023

The Top 6 Product Lifecycle Management (PLM) Software of 2023

Product Lifecycle Meeting

What is PLM Software?

PLM software is a digital tool designed to help manage a product’s lifecycle. Different products go through various stages, from ideation and manufacturing all the way to the end of their lifecycle. It’s important for organizations to manage their product’s life cycle as it helps them track different data points to give a better idea of the status and movement of their product. It also points out different improvement areas that they can work on to increase profit, efficiency, and productivity.

Importance

In today’s digital world, storing documents and data in file cabinets is declining in popularity. Instead, they’re kept on computers and different cloud servers. When you bring your PLM process to the digital space, it allows you to easily integrate and experience all the benefits modern technology has to offer for managing products.

Not only that, but the right PLM software helps you ensure that all your products meet relevant standards and continuously improve in terms of quality. By simplifying complex production tasks, you can focus on innovating your product lines and delivering excellent service to your customer base. 

Moreover, keeping track of all your products throughout their lifecycles can be a costly and complicated process. But if you adopt the right PLM software, you can optimize various production processes within your organization and save operational costs in the long run.

Key Features

While it’s crucial to select features based on your organization’s needs, it’s also important that your software has all the basic features. Some of the key features you need in any PLM software include:

Selecting the Right PLM Software

The PLM software options listed in this article have been carefully selected and curated to cater to your business needs. To summarize things, here’s a quick comparison table of all the options to make it easier to choose the best one for your organization:

App Name Free Version Paid Plan Mobile App
SafetyCulture Yes $24/user/month* Yes
Teamcenter X No Custom pricing Yes
Arena No Custom pricing No
Windchill No Custom pricing Yes
Aras No Custom quote No

AutoDesk Vault

No $810/year Yes

*billed annually

Leon

SafetyCulture staff writer

Leon Altomonte

Leon Altomonte is a content contributor for SafetyCulture. He got into content writing while taking up a language degree and has written copy for various web pages and blogs. Aside from working as a freelance writer, Leon is also a musician who spends most of his free time playing gigs and at the studio.

Leon Altomonte is a content contributor for SafetyCulture. He got into content writing while taking up a language degree and has written copy for various web pages and blogs. Aside from working as a freelance writer, Leon is also a musician who spends most of his free time playing gigs and at the studio.