Whitepaper focuses on problems like information access, automation of repetitive tasks, and translation into engineering processes like Management, Systems Engineering, Design Data Management, etc.

The whitepaper states the methods of cost engineering outcomes in New Product Development includes cost-based concept, selection of manufacturing process and geography by cost sensitivity analysis.

Leveraging artificial intelligence for application lifecycle, portfolio management and modernization increases productivity and serves as the catalyst for generating business transformation.

Companies are enhancing sustainability and profitability by using HCLTech's myPCM platform to gain precise insights into their product's carbon footprint, thereby reducing emissions and costs.

Value Stream Management (VSM) is a strategic approach organizations can adopt to optimize processes, enhance efficiency and deliver customer value.

The IATM solution by IoT WoRKS™ enhances asset onboarding, transforms inventory audits and improves asset visibility through location monitoring.

SAP PLM provides all round support for all product related processes from beginning of life cycle with product ideation to manufacturing and service.

Agile Product Lifecycle Management is a tool acquired by Oracle that is used to drive product innovation process in number of industries including manufacturing, FMCG, life sciences, high-tech, etc.

Product Development Life Cycle (PDLC) is the process of defining, designing, developing, manufacturing, launching and maintaining a product from initial concepts and goals.

Product Engineering is the process of innovating, designing, developing, testing and deploying a software product. The advent of Web 2.0 technologies and utility based software delivery through Software as a Service (SaaS).

PLM is a system of information management, designed to integrate and manage People, Process, Technology, Data and Things in an extended enterprise. PLM enables Digital thread and Digital Twin across multiple phases of Product development and ensures traceability across the life cycle of product.

Retail supply chain has to be monitored very closely and has to be free from defects as the products are always on the move and the cycle time is very low.