What is Product Lifecycle Management Software - PLM?

Product lifecycle management (PLM) provides a systematic approach to managing the series of changes a product undergoes, from its design and formation to its ultimate dumping or retirement.
PLM is related to manufacturing, but the management configuration can also be utilized for service provision and software creation. PLM can be categorized into the following stages:

Beginning of life (BOL) - includes new product design and building processes.

Middle of life (MOL) - includes collaboration with suppliers, warranty management, and product information management (PIM).

End of life (EOL) - includes plans for how the products will be discarded or recycled.

A PLM software solution can help enterprises to manage their product's lifecycle by providing a data warehouse for all the information that impacts the product. The software can be used to automate the handling of product-related data and to combine the data with other practices such as manufacturing execution systems (MES) and enterprise resource planning (ERP). The objective of PLM software is to reduce waste and improve efficiency. PLM is viewed as a crucial element of the lean production model.

List of Product Lifecycle Management Software - PLM Companies

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