Infor has unveiled the latest version of Infor PLM 8, its comprehensive product lifecycle management (PLM) software specifically designed for discrete manufacturing industries such as automotive, industrial equipment & machinery, aerospace, and high tech & electronics. 

Enhancements to Infor PLM 8, version 8.1, enable companies to improve collaboration, streamline design processes and drive visibility throughout the organisation, which can help manufacturers reduce time to market, decrease costs and increase operational efficiencies.

“Manufacturers face constant pressure to innovate and take products to market faster than their competitors –challenges that mandate comprehensive, up-to-the-minute  information during product development,” said Rory Granros, Infor’s director of product marketing for PLM solutions. “Infor PLM 8 allows stakeholders from R&D, marketing, purchasing, and production to make informed decisions regarding design changes, raw material sourcing and production resources to determine the market viability and cost-benefit of each product.  This enables companies to invest in products with true market sustainability and substantial profit margins.” 

According to industry analysts, the PLM market is expected to grow nearly 10 percent over the next five years, with tremendous opportunities in North America and EMEA, as well as in emerging markets within Latin America and Asia. A part of this growing interest in PLM is driven by corporate initiatives among manufacturers to improve the efficiency and timeliness of new product development and introduction processes.