It may come as a surprise to you, but every organization that brings a product to market already has a product lifecycle management (PLM) system in place. And the choices as to which software tools or system an organization should employ in its initiatives should be entirely based on the review and assessment of its current PLM system.
product life cycle graph
product data management , product life cycle management , product lifecycle , product lifecycle system , product design , PDM , PDM system , PLCM , PLCM system , PLM system , PLM , CAx , CAx system , PPM , PPM system , MPM , MPM system . Executive Summary Product Lifecycle Management as a strategic initiative is a growing issue faced many manufacturers. Organizations however often approach the issue of PLM from a software centric perspective that may result in lower than expected return-on- investment.