SAP NEWSBYTE — Unveiled today at the at the SAP Insider PLM 2011 conference being held in Orlando, Florida, the newest release of product lifecycle management (PLM) software from SAP AG (NYSE: SAP) helps companies develop and deliver innovative, high-quality products with precision and speed. 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, enabling faster time-to-market of innovative goods and services.
Companies globally are under increased pressure to be the first to develop and produce new and improved products and services that are profitable without compromising product quality or safety. SAP PLM empowers companies with a single source of the truth connecting 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. SAP PLM is a comprehensive solution supporting:
- Continuous product and service innovation: Connected idea management into the design process captures new ideas and promotes open innovation. Deeper integration of project and portfolio management (PPM) with SAP PLM aligns the design and development processes.
- Embedded product compliance: Comprehensive analytics and sustainability reporting from design through manufacturing and service reduces risks and protects brands.
- Integrated product development: Engineering and manufacturing bill of material synchronization supports product development from beginning to end, eliminating manual reporting and freeing up more time for innovation. A new user interface for recipe management helps increase efficiency and reduce risk with automated product labeling.
For more information on how SAP is helping companies become product leaders, visit the SAP Product Lifecycle Management pages, or the Industries & Solutions newsroom. Follow SAP on Twitter at @sapnews.