What’s the Difference between PLM, CPQ and Product Planning Software?

Design Insights: Beyond Collaboration Tools; Collaborate at IDEA!

April 6, 2021
A review of the day’s top trending stories from Machine Design editors.

Beyond Collaboration “Tools”

As a recent Machine Design article notes, the use of software for product lifecycle management (PLM) and to configure price quotes (CPQ) help product planners align and define the steps needed to take a product through manufacturing.

As noted by article author Maziar Adl, CTO of software developer Gocious, “CPQ is valuable in later project development stages to make sales efficient. PLM, on the other hand, is best used in the design and development stages by engineers and designers.

“The accuracy of CPQ software should let it deliver significant return on investment for all types of manufacturers,” he adds. “Quick quotes, customization options—like designs built to spec—and collaboration tools increases efficiency and foster better cooperation between teams.”

One key here is that software is a tool to enable collaboration and cooperation. It isn’t the collaboration itself. That’s still a personal interaction, even at social distances.

Collaborate at IDEA! Conference

Speaking of collaboration, Machine Design’s Industrial Design, Engineering & Automation Show (IDEA!) will be Nov. 9-12 in Cleveland. Held in conjunction with IndustryWeek’s M&T Show, IDEA! will offer cutting-edge speakers focused on advanced manufacturing, IoT, motion control and power systems, and more. We’ll also present the first IDEA! Awards for product innovation and convene our Women In Science & Engineering luncheon panel to discuss opportunities and challenges for women in engineering fields.

Registration is now open, and exhibitors can reserve their floor space as well. Collaboration is returning, little by little, and we hope for a lot of collaboration at IDEA!.

Sponsored Recommendations

How to Build Better Robotics with Integrated Actuators

July 17, 2024
Reese Abouelnasr, a Mechatronics Engineer with Harmonic Drive, answers a few questions about the latest developments in actuators and the design or engineering challenges these...

Crisis averted: How our AI-powered services helped prevent a factory fire

July 10, 2024
Discover how Schneider Electric's services helped a food and beverage manufacturer avoid a factory fire with AI-powered analytics.

Pumps Push the Boundaries of Low Temperature Technology

June 14, 2024
As an integral part of cryotechnology, KNF pumps facilitate scientific advances in cryostats, allowing them to push temperature boundaries and approach absolute zero.

The entire spectrum of drive technology

June 5, 2024
Read exciting stories about all aspects of maxon drive technology in our magazine.

Voice your opinion!

To join the conversation, and become an exclusive member of Machine Design, create an account today!