PLM (Product Lifecycle Management) software is used to help companies manage the entire product lifecycle, from ideation and design to manufacturing and post-sale support. By centralizing all product-related data and tracking each stage of the product lifecycle, PLM software can help companies bring products to market faster and more efficiently, while reducing costs and ensuring compliance with regulations.
PLM software typically includes the following features:
Product data management (PDM): PDM systems manage all of the data related to a product, including design files, bills of materials, change orders, and more.
Change management: Change management systems track and manage changes to product data, ensuring that all stakeholders are aware of and have approved of any changes.
Configuration management: Configuration management systems keep track of different product configurations and ensure that the right components are used in each instance.
Document management: Document management systems provide a central repository for all product-related documents, making them easy to find and share.
Collaboration: Collaboration tools allow stakeholders to communicate and work together on product development, regardless of location.