Before providing you with any service, it is necessary to define Product Lifecycle Management interpreted in many ways.
PLM is a strategic business approach which offers a great number of business solutions put into action for the collaborative creation, management, dissemination, and use of product definition information. The PLM approach integrates people, processes, business systems, and information, reaches the extended enterprise and follows a specific product from concept to end-of-life. That’s why; PLM is seen as one of the key elements for both the company and the extended enterprise.
It is also important to notice that Product Life Cycle Management or PLM is an all-encompassing approach applied to introduce, develop and renew a new product as well as manage product information from ideation to end of life.
Product life cycle management is also the central repository for secondary information. Examples of the information include vendor application notes, catalogs, customer feedback, marketing plans, archived project schedules, and other information obtained throughout the life of a product.
All in all, PLM or Product Life cycle Management is not merely a technology but also a system created to manage data, people, business processes, manufacturing processes and everything related to a specific product. So, an effective PLM process is able to achieve the development of a product and facilitate communication between the different parts working on or with a product.