What is Product Lifecycle Management?
It is a solution for companies to utilise, enabling them to have full control over the complete lifecycle of their products. Anything that impacts upon a product, at any stage of its lifecycle, is subsumed within the PLM solution.
Why is PLM essential?
Products are becoming more complex and, at the same time, companies need their processes to be more streamlined, to reduce costs and time to market. PLM, which manages all these aspects, gives companies more control, enabling them to become more competitive.