A system and method for managing position independent code using a software framework is presented. A software framework provides the ability to cache multiple plug-in's which are loaded in a processor's local storage. A processor receives a command or data stream from another processor, which includes information corresponding to a particular plug-in. The processor uses the plug-in identifier to load the plug-in from shared memory into local memory before it is required in order to minimize latency. When the data stream requests the processor to use the plug-in, the processor retrieves a location offset corresponding to the plug-in and applies the plug-in to the data stream. A plug-in manager manages an entry point table that identifies memory locations corresponding to each plug-in and, therefore, plug-ins may be placed anywhere in a processor's local memory.