PLM vs. MDM - How do PLM and MDM actually relate to each other?
Do we still need MDM when we have PLM? Will all the MDM departments, the data stewards for MDM be superfluous in the future?
Far from it. PLM and MDM have a clear demarcation and complement each other
Now we could start with definitions of terms - I would read over them and
Definition of PLM
"Product lifecycle management" refers to product-related and cross-company information management and also includes the planning, management and thus control (organization) of the processes required to generate and holistically manage these data, documents and resources throughout the product lifecycle."
Definition of MDM
Master Data Management (MDM) is a technology-enabled discipline in which business and IT organizations work together to ensure the uniformity, accuracy, handling, semantic consistency, and accountability of the organization's shared master data.
MDM takes care that the information that the processing systems, first and foremost the ERP, need to be able to do their work is there and defines how it should be.
PLM has the task of managing all data created for the product from the idea of the product to the end of its life cycle (+ processes and such - see definition above). During product development, the necessary information about the product is developed in its maturity. When the maturity of the product data is high enough to meet the requirements of the ERP, it becomes master data. This process takes place in PLM, ERP and today still many Excel (because we have forgotten the Industrial Engineering).
Well more or less. I explain it in detail in our YouTube movie.
For you, here on our blog is the exclusive preview link.