13 Best PLM Software of 2023 (Ranked and Reviewed)

Are you looking for the best PLM software? Product lifecycle management (PLM) is becoming increasingly important in our ever-evolving digital world. As businesses strive to stay on the cutting edge, they turn to PLM solutions to streamline their processes and collaboration efforts. A reliable PLM system can help organizations better manage product information, improve communication between team members, and increase overall efficiency.

In this blog post, we will be highlighting the 13 best PLM software solutions for 2023. We have ranked each software based on its features, ease of use, and support. To help you make an informed decision. Let’s dive into our list of the 13 best PLM software solutions for 2023.

1) Arena PLM

Arena PLM is a cloud-based PLM solution that helps organizations manage the entire product lifecycle. It offers features such as bill of materials (BOM) management, collaboration tools, and reporting capabilities. With Arena PLM, users can access advanced analytics to understand customer needs better and improve product development processes. The software also supports product configuration management, providing users a central platform to manage and track configurations throughout the lifecycle.

Key Features:

• Bill of materials (BOM) management
• Collaboration tools
• Reporting capabilities
• Product configuration management
• Advanced analytics

Pricing:

please get in touch with the Arena PLM sales team to discuss pricing options.

2. Autodesk Fusion Lifecycle

Autodesk Fusion Lifecycle is a product lifecycle management (PLM) solution that helps companies digitalize their product development process. It enables them to manage, store, and share product data with stakeholders in one centralized location, saving time and money.

Key features:

• Automated workflow management to help streamline the product development process
• A comprehensive document and data management system
• Secure access control for all users
• Integration capabilities with other Autodesk products
• Customizable reporting and analytics capabilities
• Access to the Fusion Lifecycle mobile app for on-the-go use.

Pricing

please get in touch with their sales team to discuss pricing options.

3. Aras Innovator

Aras Innovator is an enterprise open-source product lifecycle management (PLM) software system for product development. It provides a comprehensive set of tools to support engineering, manufacturing, and supply chain activities in one integrated environment. Aras Innovator helps companies improve collaboration and access up-to-date product data from any location.

Key Features:

• Easily link and trace information from the initial concept to the retirement of a product.
• With the full suite of collaboration tools, teams can stay informed and on the same page with real-time updates and approvals.
• Access powerful analytics and dashboards to monitor progress and make informed decisions.
• Streamline operations with automated workflows, notifications, and task management.
• All modules are accessible on the go with offline capability for remote sites.

Pricing:

Aras Innovator offers a unique pricing model tailored to the customer’s needs. Contact the company directly for more information on its pricing structure.

4. Oracle Agile Product Lifecycle Management (PLM)

Oracle Agile Product Lifecycle Management (PLM) is a comprehensive suite of cloud-based software solutions that helps organizations to develop and manage product designs, manufacturing processes, supplier collaborations, and regulatory compliance.

The Oracle Agile PLM solution provides powerful tools to help users plan, design, develop, and produce products efficiently while meeting customer demands. It also provides supplier collaboration, CAD integration, and advanced analytics capabilities.

Key features:

• Users can easily collaborate with teams, manage product information, and track changes in real-time across the organization.
• The solution manages product data and provides a unified repository for product information.
• Oracle Agile PLM enables users to manage the entire lifecycle of products, including design, engineering, manufacturing, testing, and launch of products.
• The solution provides tools to ensure products meet regulatory requirements and industry standards during production.
• Oracle Agile PLM helps users to analyze product performance and customer feedback quickly and accurately.

Pricing

Pricing for Oracle Agile PLM is determined based on the specific features, number of users, and types of services required by an organization. Generally, pricing is based on a per-user subscription fee, including platform access and support services.

5. Siemens Teamcenter

Siemens Teamcenter is an advanced digital lifecycle management system designed to help companies control all their product data. It provides a comprehensive, integrated portfolio of capabilities that enable users to create and manage products throughout their development process efficiently.

With Teamcenter, users can easily collaborate with partners and customers, share data across design teams, optimize product development processes, and reduce product costs. The software also offers robust collaboration capabilities, allowing teams to work effectively in a secure environment.

Key Features:

• Comprehensive product lifecycle management (PLM) capabilities
• Cloud-enabled data architecture
• Robust collaboration capabilities for distributed teams
• Integration with other enterprise systems and processes
• Tools for streamlined product development, cost optimization, and design validation
• Dashboards and reports to monitor process performance.

Pricing:

Siemens Teamcenter offers a range of subscription plans tailored to each user’s needs. Prices start at $2500 per user per year.

6. SAP PLM

SAP Product Lifecycle Management (PLM) is a comprehensive enterprise solution for managing all aspects of product lifecycles, from design and development to production and beyond. It helps companies improve their new product introductions, enhancements, and maintenance processes, supporting faster time-to-market without compromising quality or increasing costs.

Key features:

• Enables product development teams to collaborate more efficiently by leveraging data from multiple sources and allowing global access to design information.
• Streamlines quality management processes by providing a central repository for all quality data.
• Allows companies to manage design changes by accurately capturing and tracking all proposed changes, ensuring that the right people are notified, and necessary approvals are given.
• Provides access to a central repository of product information, allowing teams to collaborate more effectively while improving accuracy and version control.
• Enhances operational efficiency by automating and managing the activities involved in producing a product from start to finish.

Pricing

SAP PLM is available on a subscription basis, with pricing based on user needs and usage. For more pricing information, please get in touch with the SAP sales team.

7. ENOVIA SmarTeam

ENOVIA SmarTeam is a powerful product lifecycle management (PLM) solution from Dassault Systèmes that helps companies manage their engineering and manufacturing processes. It provides an end-to-end solution for managing the entire product lifecycle, from concept to development to production.

ENOVIA SmarTeam enables users to automate and streamline their product development processes, including requirements management, change control, configuration management, and product data management. The platform also offers advanced collaboration capabilities to allow for seamless communication between multiple team members working on different parts of the project.

Key Features:

• ENOVIA SmarTeam includes built-in tools for managing projects and products, from requirements to design to production.
• The platform controls the change process, including tracking changes and approvals.
• ENOVIA SmarTeam helps users track product configurations throughout the development cycle to ensure accuracy and consistency.
• The product data management system provides a single source of truth for all product data and documentation.
• ENOVIA SmarTeam offers secure collaboration and communication tools to facilitate teamwork across multiple stakeholders on the same project.

Pricing:

ENOVIA SmarTeam is a subscription-based service, don’t hesitate to contact their sales team to discuss pricing options.

8) Serena Business Manager

Serena Business Manager is a powerful business management software designed to help companies streamline their operations and optimize performance. It offers an integrated platform that enables users to manage critical processes such as financials, customer relationship management (CRM), supply chain management (SCM), human resources (HR), project portfolio planning (PPP), and more.

Key Features:

• Manage financial operations, including accounts receivable (AR) and accounts payable (AP). Generate reports and gain valuable insights into your company’s finances with customizable dashboards.
• Track customer interactions, manage sales pipelines, create personalized campaigns, and more. Automate segmentation to create personalized user experiences and increase customer retention.
• Streamline and optimize supply chain processes, such as inventory management, sourcing, and procurement. Monitor performance in real time with automated reporting tools.
• Automate employee onboarding and offboarding, manage performance reviews, develop hiring plans, track employee absences, and more.

Pricing

Serena Business Manager offers custom pricing for its customers. Please get in touch with the sales team for more information about pricing plans and options.

9) Deltek Costpoint

Deltek Costpoint is an enterprise resource planning (ERP) software solution for government contractors and professional services firms. Deltek Costpoint helps to streamline accounting processes, project management, procurement, payroll, analytics and reporting. This comprehensive system offers a robust suite of features to help organizations manage their finances, compliance requirements, and resources more effectively.

Key Features:

• Manage projects from start to finish, including budgeting and forecasting, labor tracking, task management, etc.
• Stay on top of the ever-changing government regulations with Costpoint’s compliance features.
• Automate workflow and simplify ordering processes.
• Streamline payroll processing and ensure compliance with all relevant regulations.
• Manage financials, including accounts payable, accounts receivable, general ledger, and more.
• To make informed business decisions, generate detailed reports on project performance and other metrics.

Pricing

Deltek Costpoint pricing is based on various factors, including the size of the customer organization and its specific requirements. Customers should contact Deltek directly for more pricing information.

10) PTC Windchill

PTC Windchill is a product lifecycle management (PLM) software that provides a comprehensive solution for managing product data, processes, and collaboration across the entire product development lifecycle. It is designed to help organizations increase productivity, improve quality, and reduce costs by streamlining processes and optimizing decision-making.

Key Features:

• Windchill provides a single source of truth for all product data, enabling users to manage and control data throughout the product development process.
• The software offers advanced workflow and process management capabilities, allowing users to automate and optimize processes, ensuring compliance and reducing errors.
• Windchill provides tools for collaboration and communication, allowing users to share information and feedback in real time.
• The software provides advanced analytics and reporting capabilities that enable users to make informed decisions and optimize processes.
• Windchill integrates with various CAD/CAM tools and enterprise systems, enabling users to leverage existing technology investments.

Pricing

The pricing for PTC Windchill varies based on the organization’s specific needs. PTC offers a range of pricing plans, including perpetual and subscription licensing options and customized pricing for enterprise customers. Interested users can contact PTC sales representatives for a quote based on their specific requirements.

11) ProdPad

ProdPad is an intuitive product management platform enabling you to easily capture, prioritize, and track product ideas. This cloud-based software offers a range of features designed to help streamline product development, from idea conception to launch.

Key features:

• Easily capture user feedback, product ideas, and customer requests.
• Quickly create a roadmap to prioritize feature development and track progress.
• Streamline communication and collaboration with stakeholders, customers, and other teams.
• Monitor team performance and product usage with insightful analytics and reports.
• Connect ProdPad to other applications such as Salesforce, Slack, JIRA, etc.

Pricing

Pricing for ProdPad is based on the number of users who need access to the platform. The Starter plan is $24 per user per month, and the Professional plan is $44 monthly.

12) Propel

Propel is a cloud-based PLM (Product Lifecycle Management) software designed for businesses of all sizes. It offers a modern and intuitive interface, making it easy for teams to collaborate and manage their product development processes in real time.

Key features

• Propel allows users to manage all product-related data in one centralized location, including CAD files, bills of materials (BOMs), and other product-related documents.
• With Propel, users can manage product quality processes such as non-conformance reports (NCRs) and corrective and preventive actions (CAPAs), ensuring that products meet quality standards and compliance requirements.
• Propel offers a variety of collaboration tools, including discussions, approvals, and notifications, to help teams work together efficiently and effectively.
• The software provides users with access to real-time analytics and reporting features, allowing them to track and analyze key performance indicators (KPIs) to identify areas for improvement in their product development processes.

Pricing

Propel starts at $50 per user per month and varies based on the number of users and the specific features required. The software offers a free trial period for interested users.

13) Roadmunk

Roadmunk is a data-driven road mapping software designed to help teams and organizations plan, visualize, and manage their product strategies. It provides the tools needed to create detailed timeline roadmaps with real-time insights into changes in strategy or resources. With Roadmunk, users can easily share roadmaps with stakeholders, track progress on goals, and measure performance against key milestones.

Key Features:

• Ability to easily create visually appealing timelines with custom colors, fonts, and themes
• Automatically sync data from other sources, such as spreadsheets and databases
• Autopilot feature, which displays updates on the progress of the roadmap in real-time
• Share roadmap visuals with stakeholders using a secure URL
• Report analytics in real-time to measure performance and progress
• Export to PDF, PNG, or SVG for easier shareability of roadmaps

Pricing Plans:

Roadmunk offers Four main pricing plans. The Starter plan costs $19 per user per month. The Business plan costs $49 monthly, and The Professional plan costs $99 monthly. The enterprise plan is customized based on the customer’s requirements.

Conclusion

Product Lifecycle Management software is invaluable for modern manufacturing and product development teams. With the right PLM tools, teams can streamline their operations by tracking design changes, managing bills of materials (BOMs), setting up product roadmaps, and more.

There are dozens of product lifecycle management tools available on the market, each with its features and pricing plans. It is important to research these tools carefully to select the right one for your organization’s needs. CAD software, program management tools, and other manufacturing process management solutions can also be used to complement a PLM tool. Organizations can manage their product lifecycle effectively with the right combination of tools and processes.

FAQ’s

What is product lifecycle management (PLM) software?

Product lifecycle management (PLM) software is a suite of tools to manage product development from conception to delivery. It includes document management, design collaboration, road mapping, BOM management, analytics and reports, and API integration.

What are the benefits of using PLM software?

Product lifecycle management (PLM) software provides various benefits to organizations. These include improved efficiency and accuracy, faster product development cycle times, better visibility into the product lifecycle process, enhanced collaboration among stakeholders, and improved decision-making.

What should I consider when selecting a PLM tool?

When selecting a PLM tool for your organization, it is important to consider its features, user-friendliness, scalability, pricing plans, customer support, and integrations with other applications. It is also a good idea to read reviews from other solution users to understand how well it works.