Product lifecycle management software, or PLM, is a fancy term referring to computer applications which help organise information relating to researching, designing, developing, manufacturing, distributing and maintaining products a company makes.
Not all PLM software is the same, of course. Some emphasise the research and development area, while others are more concerned with costs and distribution. But mostly PLM is thought of as an engineering system, and mostly it’s customised for large companies, although it’s moving to the cloud more and becoming accessible to smaller companies.
Essentially, PLM software enables companies to speed up the development of their products at the same time as improving its quality, durability and other important aspects. [Read more…] about PLM software overview: From car manufacturing to the clothes trade