PLM (product lifecycle management) is a key element in business success. A study has shown that an effective management tool considerably helps business to not only better manage their product portfolio but also their global strategy. Having a single data repository and using it the right way helps top performing companies to improve growth and margins. The infographic below explains the advantages of setting up a single data repository to better manage products ranges. To learn more about product information management, visit http://www.lascom.com/en/ics-product-features/ics-product-features.html

1. Share
Access
Control
Input, maintain, update
& control data /
documents / products
Share product
knowledge with internal
& external participants
Quickly find access &
use information
• Create new products
• Manage existing products
• Attach related documentation
• Manage links between raw materials and products
• Manage versions
• Manage ECO process
• Trace modifications and approvals
• Find accurate information quickly
• Reduce administrative tasks /rekeying / errors
• Adapted interface for each job concern
• Easy customizable interfaces
• Provide a single version of the truth
• Ensure internal department to have the accurate data they need
• Ability to manage alerts and efficiently manage processes
• Allow external participants (suppliers, clients) to access the repository

2. 50%
19%
60%
22%
49%
18%
Top performers
Average companies