What is Product Lifecycle Management Software - PLM?

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

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

Middle of life (MOL) - includes teamwork 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 system can help enterprises to manage their product's lifecycle by offering a data warehouse for all the information that affects the product. The software can be utilized to automate the management of product-related data and to integrate the data with other methods such as manufacturing execution systems (MES) and enterprise resource planning (ERP). The aim of PLM software is to lessen waste and improve efficiency. PLM is regarded as a critical element of the lean production model.

List of Product Lifecycle Management Software - PLM Companies

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