SAP has launched its new release of product lifecycle management (PLM) software at the SAP Insider PLM 2011 conference being held in Orlando, Florida.
The application is designed to help companies develop and deliver innovative, high-quality products with precision and speed, said SAP.
With the 7.01 version of the SAP PLM application, companies can comprehensively manage all product development processes from initial idea through manufacturing to service, said the company. The result would be faster time-to-market of innovative goods and services.
SAP PLM connects all critical business processes and information required to successfully develop and launch new products and services.
Delivered with SAP enhancement package 5, SAP PLM breaks down departmental silos, helping to reduce time-to-profit, increase margins, shrink research and development costs and ensure compliance and product safety, said the company.
SAP PLM is a comprehensive solution supporting continuous product and service innovation, embedded product compliance and integrated product development.
