Increasing numbers of manufacturers are utilising PLM solutions, to optimise all aspects of their product development processes. Nevertheless, it can be hard to offer a precise definition of PLM. Yet, to know exactly how PLM can benefit business, it is essential to know what PLM solutions have to offer. Regardless of how PLM is defined, there are the ‘must have’ components, which are vital for any PLM solution to be effective. We’ve put together an overview of the 7 essential components of PLM solutions.