Product Lifecycle Management (PLM)
Product Lifecycle Management (PLM) is the strategic, information-driven approach to managing all data and processes linked to a product, beginning with its original idea to its final retirement.
PLM is not a single software, but a comprehensive system that integrates data from CAD, CAM, simulation, and enterprise resource planning (ERP).
Its main goal is to improve collaboration, standardize processes, and ensure that every stakeholder—from designers to maintenance teams—accesses the correct version of product data in real-time.