PDM Introduction
Brief Overview
According to some estimates, the product data management (PDM) software market can grow to $33 billion. Manufacturing businesses in developed markets will occupy a large portion of this market. However, the PDM solutions market should find more growth in developing markets with more affordable SaaS solutions.
What is Product Data Management (PDM)?
Product Data Management software allows accurate and consistent communication across channels about the product. PDM software creates a central product data storage and adds layers of access controls, data governance, and validation policies. The central database then acts as a single source of truth for all kinds of product data in the company. Thus, PDM software keeps enterprise intellectual properties and product knowledge within the company.
Data managers can add tags and naming policies to the product documents, allowing anyone to retrieve them easily. PDM software also keeps track of changes to the documents and product data. Thus, the software enables version control within the product data.
Thus, businesses using PDM software can benefit from a seamless global collaboration. Internal teams, such as production, and procurement, and external teams, like suppliers and channel partners, access the same data for the product version.
Without a PDM system, the teams may spend up to 50% of their time on non-productive tasks. Such tasks could be as simple as ensuring that everyone has access to the same version of the product data. PDM software makes this step so seamless that it is almost real-time. Data validation and approvals are another set of examples of tasks automated or at least expedited by PDM solutions.
Why do Businesses Need PDM Software?
The growing use of technology means businesses nowadays rely on fewer people. While it is efficient and flexible, it also means risking critical information about the company in fewer hands. Thus, businesses need a solution like PDM software that allows them to:
Protect IP & Preserve Knowledge
Preserve the knowledge collected over the years within the organization and enable transfer in times of need.
Improve Data Reliability Across Channels
Retrieving data from the same source helps your teams avoid duplicating outdated data and access the correct versions.
Enable Global Collaboration
SaaS PDM system allows teams across the globe to access the data on cloud servers.
Enrich Data Quality
PDM for manufacturers can integrate with CAD tools to capture all the relevant information about product design.
Faster Approvals & Data Management
PDM system expedites approval and workflows with electronic signatures, controlled print, and configuration of document safety features.
Raise the Efficiency of Engineering Teams
PDM software increases the efficiency of engineering teams with accurate and seamless product data access.
Different Types of PDM Software
You can use different types of PDM software, based on the dominant aspects of product data management and industry. Here are the main types of PDM software:
Comparison Table
Type | Description | Key Features | Examples |
---|---|---|---|
Standalone PDM | Dedicated PDM systems | Centralized data, version control, BOM management | PTC Windchill, Siemens Teamcenter |
Integrated PDM | Part of a more extensive enterprise solution (ERP/PLM) | Seamless integration, shared database | SAP PLM, Oracle Agile PLM |
Cloud-Based PDM (SaaS) | Hosted on the cloud, offered as a service | Real-time access, scalability, seamless global access | Autodesk Fusion Lifecycle, Upchain, ProductHub |
CAD-Integrated PDM | Designed to work with CAD software | Direct CAD integration, multiple CAD format support | SolidWorks PDM, Autodesk Vault |
Open Source PDM | Freely available source code for custom applications | Fully customizable, community support | Odoo PLM, OpenPLM |
Industry-Specific PDM | Tailored for specific industries | Industry templates, compliance | Dassault Systèmes ENOVIA, Arena PLM |
SaaS PDM for B2B Manufacturing Enterprises
Neurologik’s ProductHub is a cloud-based PDM system addressing the need for product data management for B2B manufacturers. ProductHub offers a product data management environment to capture, enrich, and distribute product data across internal and external teams.
The PDM platform enables real-time collaboration and secure access to the unified product data across the supply chain. Dig deeper into how ProductHub covers the ground for a superb competitive advantage for your organization.
Key Features and Capabilities of SaaS PDM Software
Modern SaaS PDM systems have various capabilities to streamline data management and improve efficiency.
Pricing for Neurologik PIM
Neurologik’s ProductHub is a modular SaaS PIM solution, and enterprise pricing can vary based on several factors. You can connect with the business consulting team at Neurologik to discover the custom pricing for your business.