Prof. R.B Buktar
Prof. Vilas B. Shinde
Dr. G.T.Thampi
Abstract
Software product for Product Life Cycle Management abbreviated as PLM is fundamentally an attempt to manage the entire product life cycle right from its conception, through design and manufacture to service and disposal. In the context of Globalization and accelerated growth in the Indian automobile industries it has become very necessary for the major automobile players to consolidate and effectively integrate new technologies such as software tools for PLM and empower themselves to sustain the pressure of global competitiveness. In this paper the authors showcases how PLM software tools can be leveraged by Indian automotive industries for cost arbitrage and to remain lean and agile in global market affected by massive economic slow down.
Keywords- PLM, Cost Arbitrage, Economic Slow Down