Companies that have been early adopters of PLM have been able to see significant reductions in new product introduction lead times, and reap more profits.

Selecting the best-fit PLM solution and then implementing it for your organization is not an easy decision as there is no universal "right" choice. It is essential to have a highly objective evaluation process. Making a sub-optimal choice can have serious repercussions for years to come as such decisions are usually difficult to change. Having chosen a PLM system, planning for its implementation in phases helps split the decision making process and also allows for incremental investments.

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