Product lifecycle management software is mainly used to manage the design and manufacturing process.
Actually it can help with other aspects of the process such as research and development and supply chain logistics. And if it’s connected to administration tools, such as customer relations management, usually referred to as CRM, and enterprise resource planning software, which is often called ERP, PLM systems can become even more powerful.
The PLM system originated in the 1980s in the auto-making business but is now used across a wide range of industries, but still mostly traditional manufacturing sectors.
The usage of PLM is growing, with several reports predicting the market for the software reaching approximately $65 billion to $75 billion by 2022. [Read more…] about Top 10 product lifecycle management applications by install base