Odoo PLM Module — Product Life Cycle Management

The organization’s manufacturing process remains up-to-date and also adaptable to the changing environment. Different stages of operations and machinery involvement are designed for the same purpose. The designs are based on the idea that the development will lead to the most appropriate values and that the workstations will be more efficient. Changes in raw materials, method, completed product, appearances, and many other internal and external components of the product are all part of the manufacturing and updating process.

Every product contains a life cycle along with the expiry date of operations. These products, with the exception of consumables, can be reused or recycled to create a new product with a similar marginal value. Furthermore, degradable consumable products that are not sold out in the company or restaurant leftovers are composted and used for agricultural purposes. Non-biodegradable items, on the other hand, are separated into categories and returned to the same company or a recycling facility.

Companies must be capable of acquiring these items and adaptable enough to make adjustments in their manufacturing processes to reuse them. A similar language can be applied to the company’s storable products that have not been sold out for an extended period and are ready to be disposed of. This is where Odoo PLM management enters the picture. The product life cycle management system was introduced by the business management platform for the company’s production process to be compatible with the company’s life cycle management operations.

Overview of Product Life Cycle Management

Initially, PLM was developed for aviation and automobile industries but it was expanded to other industries also like packaged goods, electronics, pharmaceuticals, and fashion. Computer-aided design (CAD), Computer-aided engineering (CAE), and product data management all led to the development of product life cycle management. PLM enables the manufacturing industries in shorting their production cycle and lead times. Manufacturing is a difficult process with many phases, centralizing required information with the growing market competition.

Manufacturing companies are seeking to eliminate waste and to do so, they develop a manual that allows them to manage their inventory and employees in several places, with methods that must be constant. This stage of cohesion also keeps the process highlighted on the product, providing a better opportunity for industrial achievement. The PLM module helps the industries in achieving this objective. There are several phases of PLM, to begin with:

• Beginning of Life (BOL):

The initialization of the life process begins with manufacturing design, which includes the introduction, conceptualization, and construction of any framework that will be designed. There are many phases for initial development, each with sub-tasks that describe all the specifications, ideas, and testing. The organization monitors the BOL phases, which include the product specification, manufacturing process, and supply requirement.

• Middle of Life (MOL):

The products get processed in manufacturing and distributed by users and services, this can be accomplished in the second stage known as post-manufacturing. In this phase, the users get their products in their hands. If any failure occurs then users maintain their data, based on the priority maintenance rates are established. Organizations assemble the information regarding which parts and components are useful at that time.

• End of Life (EOL):

When a piece of manufacturing equipment reaches the end of its useful life, it is recycled, retired, or discarded. At this point, the company’s reverse logistics takes place. The EOL period begins when users no longer require the product. Companies compile data on which parts and components are still useful at this point.

Features of PLM Module

Production firms can use the Odoo PLM software to manage their product workflows holistically, keep track of normal on-site/off-site activities, keep track of bills of materials (BOMs), and much more. The essential features and benefits of Odoo PLM software that make it a perfect product lifecycle management solution are listed below.

Production Management:

Odoo PLM helps businesses manage their production operations more efficiently and prepare for future events. It provides a high level of flexibility, durability, and reusability to enable businesses to attain high productivity levels. Simultaneously, it boosts production capacity, boosts income, and shortens the product development cycle.

Better Cost Control:

Every year, according to multiple studies and public surveys, producing organizations lose a significant amount of money owing to operational mismanagement. Furthermore, incidents of price deterioration and backorders have increased significantly in recent years, resulting in inexpensive costs. Odoo PLM has passed all of the tests that are required for successful cost control. Odoo PLM helps businesses reduce resource waste and increase profitability by focusing on product quality and cost-effectiveness.

Improved Collaboration:

One of the key advantages of using Odoo PLM software is that it improves team cooperation, which leads to increased workforce efficiency. It offers a consolidated dashboard interface for managing a variety of business processes, including production workflows. More crucially, it unifies all vital business functions into a single software platform, allowing for speedier data interchange throughout all production stages.

Faster time to market:

Time to market may be a key component in achieving corporate success and outperforming the market competition. Odoo PLM software accelerates the product development lifecycle, allowing you to get your products to market faster than your competitors. Simultaneously, it assists you in keeping up with current industry trends and optimizing your manufacturing plans to meet market demands.

Centralized Data Sharing:

Not only can centralized data sharing improve team performance, but it also boosts overall corporate efficiency and profitability. To centralize the flow of information across different departments and production units, Odoo PLM software provides accessible and responsive dashboards. It also allows businesses to have real-time visibility into their main business functions and track routine operations.

Conclusion

Project Lifecycle Management (PLM) is one of the most important parts of the product management industry, according to Odoo PLM. It is crucial when it comes to the development and management of any commercial product. PLM is utilized for more than just managing a company’s engineering activity. It also oversees and administers all aspects of the industry, from raw material sourcing to sales and service and repair.