![]() ![]() Have a centralized hub for product data.Manage product data through its lifecycle.To be eligible in the PLM category, a product needs to have the following criteria: ![]() It facilitates systematic tracking of all the changes a product undergoes during the development stage. Starting from inception, manufacturing to servicing, and disposal process, a PLM software manages data and documents, business processes and people involved in the product development process. Top PLM (Product Lifecycle Management) Software to Use According to research reports, the product lifecycle management and engineering applications market is expected to touch $18.4 billion by 2022, as compared to $17.8 billion in 2017 at an annual growth rate of 0.7%. ![]() and it helps in increasing the profit, enhancing the accuracy, efficiency and productivity of a company to a great extent. It also integrates data with ERP, CAD etc. Product Lifecycle Management or PLM software, as widely known as is an application that is needed to manage the entire lifecycle of a product from the beginning to the end.Ī PLM software manages data related to product. Managing various forms of data related to all these products, their analysis, business processes, engineering and development requires a Product Lifecycle Management Process to follow. ![]()
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