Posted on January 17th, 2009 by Sanjit Anand |
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This focus on the Product (product innovation…product profitability…product decisions…product lifecycle…product 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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