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Manufacturers today are adopting and expanding the use of Product Lifecycle Management (PLM) processes and software. Particularly valuable during difficult economic times, PLM offers a relatively unique opportunity to simultaneously increase top line revenue while controlling product development and product costs to improve margins. PLM accomplishes this by helping companies improve product innovation, product development, and engineering performance and drive higher levels of product profitability. Today's CIO needs to be prepared for some unique implementation and support challenges to ensure that the enterprise can fully capture the strategic benefits available from PLM.
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