PLM

Product Lifecycle Management (PLM) is a comprehensive approach used by companies to manage all aspects of a product’s life, from initial concept and design, through manufacturing and maintenance, to eventual disposal or recycling. It involves integrating data, processes, people, and business systems to improve collaboration, product quality, and efficiency. Think of it as a central platform or digital "brain" that ensures everyone involved has access to the right information at the right time, helping streamline development, reduce costs, and bring better products to market faster.