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

Sept. 16, 2025
From robotic arms to high-speed conveyors, accuracy matters. Discover how encoders transform motor control by turning motion into real-time datadelivering tighter speed control...
Sept. 16, 2025
Keep high-torque gearboxes running efficiently with external lubrication and cooling systems delivered fast. Flexible configurations, sensor-ready monitoring, and stocked options...
Sept. 16, 2025
Now assembled in the U.S., compact P2.e planetary gear units combine maximum torque, thermal efficiency, and flexible configurations for heavy-duty applicationsavailable faster...
Aug. 22, 2025
Discover how to meet growing customer demands for custom products without overextending your engineering team. Learn how scaling your automation strategy can help you win more...

Voice your opinion!

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