Product Lifecycle Management Software

Product Lifecycle Management (PLM) software is designed to manage a product’s entire lifecycle, from initial concept and design through production, distribution, and eventual retirement. This software facilitates collaboration across departments by providing a centralized platform for storing and sharing product data, documentation, and processes. Key features often include version control, project management tools, compliance tracking, and change management capabilities. PLM software helps organizations streamline product development, improve innovation, reduce time-to-market, and ensure compliance with industry regulations. By implementing PLM software, companies can enhance cross-functional collaboration, improve product quality, and maintain a competitive edge in the marketplace by effectively managing the complexities of product development and lifecycle management.