{"id":228,"date":"2021-09-16T14:59:43","date_gmt":"2021-09-16T18:59:43","guid":{"rendered":"https:\/\/blogs.sw.siemens.com\/service-lifecycle-management\/?p=228"},"modified":"2026-03-26T15:42:11","modified_gmt":"2026-03-26T19:42:11","slug":"what-is-modern-service-lifecycle-management","status":"publish","type":"post","link":"https:\/\/blogs.sw.siemens.com\/service-lifecycle-management\/2021\/09\/16\/what-is-modern-service-lifecycle-management\/","title":{"rendered":"What is Modern Service Lifecycle Management"},"content":{"rendered":"\n

Service Lifecycle Management (SLM)<\/strong><\/a> continues to grow in importance for many businesses today, influencing new business models while leading to increased profitability and customer loyalty.<\/p>\n\n\n\n

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In their recent commentary on Service Lifecycle Management,<\/strong><\/a> PLM industry analyst CIMdata<\/strong> highlights the importance of an effective, modern service lifecycle management solution. The commentary advises readers on what to look for in a SLM solution; how it must support an end-to-end digital thread that spans the diverse service environment, and how it should provide up-to-date, accurate configuration information of all the mechanical, electrical\/electronic, software, and associated document-related components of each physical asset, as well as the status and history of their operational use.<\/p>\n\n\n\n

Effective service lifecycle management solutions must also support an integrated service BOM<\/strong>,<\/a> and support an open ecosystem of OEM, customer, and third-party applications and solutions that can work together to deliver quality service of managed physical assets.<\/p>\n\n\n\n

In this commentary, you will:<\/p>\n\n\n\n