Enterprise Product Lifecycle Management (PLM) is a strategic approach to managing the entire lifecycle of a product, from the ideation phase of initial requirements-gathering through to design, prototyping, certification, production, customization, service, recycling, and retirement.
Enterprise PLM is much more than a technology solution. It represents a new, strategic approach to the product value chain that emphasizes process efficiency, crossfunctional collaboration, rapid innovation, rigorous quality control, risk mitigation, and cost-effectiveness.
Adopting an Enterprise PLM approach can help you: