Product lifecycle management (PLM) software manages the data and processes associated with a product's development, from inception to launch. Companies use PLM software to enhance productivity and collaboration, improve quality, foster creativity, and reduce time to market. This software integrates data, documents, business systems, and the individuals involved in the creation process, allowing stakeholders to track changes made during product development. Originally designed for manufacturing, PLM is now utilized across various industries, including architecture, engineering, construction (AEC), and services. In manufacturing, many PLM vendors offer custom functionalities tailored to different types of production, such as discrete, process, and engineer-to-order (ETO). PLM software serves a wide range of users within an organization, including product managers, engineers, production personnel, and maintenance technicians. Since PLM data is crucial throughout manufacturing, servicing, and disposal processes, this software often integrates with various systems, such as ERP systems, quality management systems, supply chain management software, and enterprise asset management (EAM).
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