The product development life cycle - innovate, conceptualize, plan, design, procure, produce, deliver, service, and retire - naturally includes multiple people, operating in multiple departments, and typically from multiple companies, each with locations in multiple countries around the world. Solving inherent difficulties that result from managing this complexity are the raison d’être for PLM solutions.
Oracle , SAP , IFS , SSA GT/Baan , etc.), which have been striving to natively embed more PLM capability into their products, in addition to the likes of PeopleSoft/J.D. Edwards and QAD still filling their gaps through partnerships with Agile and Arena Solutions respectively. Although their expertise is not yet completely meeting innovative manufacturers' needs, they are making some dents, given SAP garnered about $300 million in revenue from its PLM software sales in 2002 and Oracle, which only recently