Product Lifecycle Management (PLM) is a systematic approach to managing the lifespan of a product from its initial concept through to its disposal. This process involves the integration of data, business systems, and people in an organization. It originates from tools like Computer-Aided Design (CAD), Computer-Aided Manufacturing (CAM), and Product Data Management (PDM). PLM covers various phases of a product’s life, including design, manufacturing, and marketing. It requires practitioners to invest time and effort to gain the necessary skills and includes role-specific user interfaces to customize commands based on the user’s function. Furthermore, PLM plays a critical role in new product development processes and enhances knowledge management and innovation. It also integrates with Enterprise Resource Planning (ERP) systems to reduce costs.
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Au industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from its inception through the engineering, design et manufacture, as well as the service and disposal of manufactured products. PLM integrates people, data, processes, and business systems and provides a product information backbone for companies and their extended enterprises.
