PLM Analytics: Find Business Insights

Course overview

What is the process of a product’s lifecycle?

A methodical technique to controlling the changes a product experiences throughout its existence is called product lifecycle management, or PLM. This includes conception, design, prototype, and production. It goes on to launch and market, and at the end, it ends with market retirement. Many people believe that one of the strategic pillars of an organization’s IT structure is product lifecycle management.

A growing number of companies are actively seeking experienced PLM personnel through headhunting. Professionals who can optimize the product development process and make it much faster, easier, and more affordable will be empowered by this Training Bee Training Course. They can increase efficiency by integrating systems, procedures, and data throughout the value chain.

What does PLM look like?

This Training Bee training course’s main goal is to integrate the systems, data, people, and processes involved in the product lifecycle. This will lead to a number of important advantages, such as a decrease in production errors, a reduction in iterations, and ultimately a faster market.

Introduction

Greetings and welcome to the fascinating and revolutionary “Product Lifecycle Management” (PLM) course. Success in today’s environment of swift technical progress and fluctuating market needs depends on efficient management of the complete product lifecycle. The information and abilities you will need to successfully negotiate the difficulties of product development, from conception to retirement, are precisely what this course is meant to teach you.

The goal of this extensive course is to give students a thorough understanding of product lifecycle management as a tactical method for improving the development, manufacture, and upkeep of products. We’ll go over the essential ideas, procedures, and best practices that make up an effective PLM deployment.

We are The Training Bee, a global training and education firm providing services in many countries. We are specialized in capacity building and talent development solutions for individuals and organizations, with our highly customized programs and training sessions.

In addition to their extensive industry expertise, our team of knowledgeable educators is passionate about PLM. They are dedicated to giving you the insightful knowledge, useful tactics, and abilities you need to succeed in the fast-paced world of product lifecycle management.

Prepare yourself for an exciting voyage into the realm of product lifecycle management (PLM), where success is driven by the convergence of efficiency, creativity, and strategic thinking!

Learning Objectives

Upon completing Product Lifecycle Management Course, participants will be able to:

• A thorough understanding of the lifespan of a product and the significance of product management
• Knowledge of the components linked to each stage of the product lifecycle and its phases
• The stages of a product’s lifetime must be understood for a product to be in the “market.”
• Knowing and using the lean mindset, agile principles, and design thinking concepts in relation to value, flow, and quality results
• Best practices examples for different phases of the product lifecycle
• The process of determining when a product should be retired and how to do so.
• It is necessary to have assurance, expertise managing the product lifecycle, and knowledge of some of the major obstacles.

Our Unique Training Methodology

This interactive course comprises the following training methods:

• Journaling – This consists of setting a timer and letting your thoughts flow, unedited and unscripted recording events, ideas, and thoughts over a while, related to the topic.
• Social learning – Information and expertise exchanged amongst peers via computer-based technologies and interactive conversations including Blogging, instant messaging, and forums for debate in groups.
• Project-based learning
• Mind mapping and brainstorming – A session will be carried out between participants to uncover unique ideas, thoughts, and opinions having a quality discussion.
• Interactive sessions – The course will use informative lectures to introduce key concepts and theories related to the topic.
• Presentations – Participants will be presented with multimedia tools such as videos and graphics to enhance learning. These will be delivered engagingly and interactively.
• Group discussions – The course will incorporate group discussions and debates to encourage active participation and collaboration.
• Case studies – Participants will be presented with realistic scenarios and case studies that demonstrate effective strategies related to the topic. These activities will encourage participants to think critically and apply their knowledge to real-life situations.

Training Medium

This Product Lifecycle Management Course training is designed in a way that it can be delivered face-to-face and virtually.

Course Duration

This training is versatile in its delivery. The training can be delivered as a full-fledged 40-hour training program or a 15- hours crash course covering 5 hours of content each day over 3 days

Pre-course Assessment

Before you enroll in this course all we wanted to know is your exact mindset and your way of thinking.
For that, we have designed this questionnaire attached below.

• List and briefly explain the product lifecycle’s important stages. What role do these stages have in the entire process of product management?
• Talk about the significance of PLM implementation in a corporate setting. How might PLM enhance the effectiveness of organizations and product development?
• At least three popular PLM software products used in industry should be included and explained. What features do these tools usually provide?
• Describe the integration of PLM with manufacturing, quality control, and supply chain management, among other business activities.
• Talk about how PLM promotes creativity at every stage of the product development process. How does PLM aid in the process of innovation?
• Explain the lifetime management of product-related data by PLM systems. What data management difficulties might firm encounter?

Course Modules

This Product Lifecycle Management Course covers the following topics for understanding the essentials of the Agile Workplace:

Module 1 – Overview of Life Cycle Management

• Overview of Lifecycle Management
• Overview of the Product Lifecycle Management Process
• What a Product Lifecycle Offers
• Why is product management necessary for organizations?
• Product management: what is it?

Module 2 – Definition of Product

• Definitions of products
• Examples of products
• Characteristics of a product
• Frameworks for Product Development:
• Using items to deliver value to customers

Module 3 – Value Flow Quality (VFQ) Framework for Product Management

• The guiding principles of Value Flow Quality (VFQ)
• Providing value frequently and early
• Maximizing the entire work flow
• Finding quality through comments

Module 4 – Overview of Project Phases in the Product Lifecycle

• The notion of the origin of life (BoL)
• Distribution of the Middle of Life (MoL)
• Life’s end (EoL)

Module 5 – Life’s Origin

• Advancement
• Validation and prototyping of Kano models
• Start
• Production

Module 6 – Life’s Midway

• Chains of Supply, Sale, and Distribution
• PLM expansion along the value chain
• Use of Product

Module 7 – Life’s end

• Phase-out
• Retire
• Recycle
• Disposal

Module 8 – The obligations of a product team

• Modest Leadership
• Three main areas of attention
• What a product team does
• The duties of a product team

Module 9 – Examples of Product Approaches

• Samples of Case Studies
• Practical case studies and activities

Post-course Assessment

Participants need to complete an assessment post-course completion so our mentors will get to know their understanding of the course. A mentor will also have interrogative conversations with participants and provide valuable feedback.

• Talk about the wider business effects of PLM implementation in a company.
• Analyze the PLM software tools that were covered in the course and their effectiveness.
• Give instances of the connections between PLM and other corporate operations like manufacturing, supply chain management, and quality assurance.
• Consider the ways that PLM fosters creativity at every stage of the product development process.
• Tell a success story of how a PLM system was able to handle product-related data all the way through the lifecycle.
• Talk about situations when good teamwork and communication inside a PLM framework improved project result.

Lessons Learned

Comprehensive View of PLM: PLM is understood holistically by participants, who now see it as a strategic strategy covering the whole product lifetime, from conception to disposal.

Using Strategy Throughout All Phases: The course highlights how PLM principles may be strategically used to different stages of the product lifecycle and how this can optimize product development, production, and maintenance.

Impact and Value on Business: Participants get a grasp of the substantial business impact of using PLM effectively, as well as how it provides value by promoting innovation, cutting costs, and increasing efficiency.

Making the Most of PLM Tools: The training gives participants the know-how to use PLM software solutions efficiently, acknowledging them as critical facilitators of productive product data management and teamwork.

Relationship to Business Processes: Participants recognize how PLM improves teamwork, communication, and overall organizational performance and how it is related with other crucial business activities.

Pioneering as a Fundamental Aspect: One of the main components of PLM is characterized as innovation. Attendees gain knowledge about how PLM techniques spur innovation and help businesses remain competitive in a market that is changing quickly.