Product lifecycle management (PLM) is a system used to track and manage a product from its inception to its retirement. The system typically includes a database of product data, as well as software to help manage the product development process.
The PLM system is used to track all aspects of a product's life, including its design, development, manufacturing, and sales. The system can also be used to track the product's post-sales support and end-of-life cycle.
PLM systems are used by companies of all sizes, in a variety of industries. They are often used in conjunction with other enterprise software systems, such as enterprise resource planning (ERP) and customer relationship management (CRM) systems.