March 22, 2011: SAP® Product Lifecycle Management Application Helps Companies Bring Winning Products to Market Faster
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.
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