PLM and ERP: Their respective roles in modern manufacturing

The recent history of manufacturing IT can be viewed as two overlapping technology waves. The first wave came in the 1990s with the rise of ERP (enterprise resource planning), as companies worked to increase the efficiency of their operations and better manage the supply chain. Today, product lifecycle management (PLM) is leading a new wave – this one focused as much on accelerating innovation and supporting global collaboration as it is on driving process efficiencies to improve business performance.

When ERP and PLM solutions are delivering maximum value, they help companies develop the best products possible and deliver them to their customers efficiently. But how do you ensure that ERP and PLM are delivering maximum value? And which of these two enterprise solutions is better suited to address which challenges?