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What is PLM?

Posted on January 17th, 2009 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

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This focus on the Product (product innovationproduct profitabilityproduct decisionsproduct lifecycleproduct network)

"Product Lifecycle Management (PLM) is the business activity of managing a company's products all the way across the lifecycle in the most effective way.” (source -*2PLM - Product Lifecycle Management Magazine)

In other word:

  • PLM enables companies to accelerate product innovation and maximize product profitability
  • …through the management of the information, processes and decisions about their products…
  • …throughout the product lifecycle and across the global product network

Which kind of industry needs PLM

  • Industrial manufacturing industry to track and manage engineering change orders .
  • High technology
  • Life sciences and pharma industry
  • Food & beverage
  • Retail

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