What is Product Lifecycle Management Software - PLM?

Product lifecycle management (PLM) offers a logical approach to managing the sequence of changes a product undergoes, from its design and development to its ultimate discarding or retirement.
PLM is linked to manufacturing, but the management configuration can also be utilized for service provision and software creation. PLM can be classified into the following stages:

Beginning of life (BOL) - includes new product design and building 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End of life (EOL) - includes plans for how the products will be withdrawn or recycled.

A PLM software system can assist enterprises to manage their product's lifecycle by providing a data warehouse for all the information that impacts the product. The program can be used to automate the management of product-related data and to combine the data with other practices such as manufacturing execution systems (MES) and enterprise resource planning (ERP). The aim of PLM software is to reduce waste and enhance 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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