PLM Myths vs. Truths - Part 7 - PLM is really just for physical products (product-based industries)

Welcome to the seventh episode of our PLM Myths Vs. Truths series. Today, we're addressing the often-heard assertion, "PLM is really just for physical products (product-based industries)." This video explores the validities and depths of this statement, offering insights, examples, and expert perspectives to clarify this prevalent myth.his valuable episode is a part of our ongoing 8-part series, where we aim to debunk common misconceptions around Product Lifecycle Management (PLM). 🕒 Timestamps: 00:00 – Introduction to the Myth 00:07 – The Conflict: Is PLM Really Just for Physical Products? 00:13 – Quick Verdict: It's a Myth 00:29 – Expanding on ‘Products’: Software as a Product 01:02 – Various Product Types & Their Lifecycle 01:50 – Tackling Discrete vs Process Industry 02:13 – Implementation of PLM in Diverse Industries 02:55 – Not Confined to Physical Products: The Verdict 03:12 – The Evolution and Progress of PLM 📖 Check out our SAP PLM website: https://www.sap.com/products/scm/product-lifecycle-management.html 📺 Watch the entire PLM video series on the SAP Community Channel: https://www.youtube.com/@SAPCommunity/videos Stay tuned for the final episode in our series as we delve into more interesting aspects of PLM and debunk prevailing myths.