All semiconductor companies, including; fabs, fabless, IDMs, foundries, and OSATs or subcons, can use the latest end-to-end product lifecycle management software to improve their time to market (TTM).
A PLM system builds on the benefits you have gained from PDM, expanding upon these to provide a single, integrated, digital solution that supports the whole business across the product lifecycle, from concept to end-of-life.
Why are semiconductor companies not using PLM?
It may be time to reconsider that decision and invest further to gain additional value. PLM typically includes PDM but extends that to enable processes that use and support the product data across the lifecycle, enterprise, and ecosystem. It moves beyond managing the data to provide complete support to many more processes beyond the technology innovation and engineering/design areas.
According to a recent survey by Tech-Clarity: Top Performers are significantly more likely to use PLM as a primary system for managing product data than others (36% vs. 23%). This type of end-to-end enterprise platform aims to deliver robust data management, data sharing, and collaboration to support business processes and capabilities.
Benefits of PLM: A single, integrated, digital solution for a fully digital product lifecycle
Product lifecycle management allows semiconductor businesses to build on the benefits gained from their PDM system. It expands on those capabilities to provide a single, integrated, digital solution that supports the whole business across the product lifecycle, from concept to end-of-life, with specialized applications for your enterprise's critical areas. It provides companies with a fully digital product lifecycle.
How can PLM help you? Decrease product and development costs and grow your business
PLM is the solution needed to grow your business, streamline processes and improve collaboration throughout your organization. A complete PLM system allows you to decrease product and development costs, increase product revenue, and better meet your customers' needs.
Learn more about Teamcenter, the world's most widely used PLM software that can boost your company's productivity.
Contact us to learn more about how quickly Semiconductor companies can implement it in their business today.