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product lifecycle management (PLM)

The product life cycle is an important control mechanism for cost reduction and product innovation for corporate management. In addition, it plays an essential role in regulatory compliance in some industries, such as the manufacturing of pharmaceuticals.

Product Lifecycle Management (PLM) Activities

Product Lifecycle Management (PLM) Activities

Generally speaking, Product Lifecycle Management (PLM) accompanies a product from its conception, through development, manufacturing and service, to disposal. In PLM management, product data accompanies the product throughout its lifecycle from the Beginning of Life (BOL) to the End of Life( EOL) and connects engineering with the commercial and administrative departments of the company. PLM management supports the exchange of technical data such as computer-aided design( CAD) data, product-specific data from product data management( PDM), and business or logistics data from supply chain management( SCM).

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Englisch: product lifecycle management - PLM
Updated at: 17.08.2017
#Words: 127
Links: indium (In), compliance, service, data, Europe Online (EOL)
Translations: DE
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