A product record refers to all of the product information including parts, assemblies, drawings, documents, and approved manufacturers (AML) that are required to design, produce, and deliver products to market. Product lifecycle management (PLM) systems help companies manage, review, and approve product designs from concept through end of life.
The responsibility of creating a product record will vary by organization; however, it is typically assigned to someone in engineering or document control.
A PLM system aggregates the entire product record (BOMs, parts, approved supplier/manufacturer lists, SOPs, etc.) in a centralized system. This enables product teams and external supply chain partners to effectively manage and track product requirements, design changes, and team deliverables to meet new product development and introduction milestones. Automated engineering change processes and revision controls are applied to BOMs, parts, and documents to ensure that teams always have access to the latest product information and full visibility into any issues that impact production.
Read our best practice articles on effective item and document management.