The product development life cycle - innovate, conceptualize, plan, design, procure, produce, deliver, service, and retire - naturally includes multiple people, operating in multiple departments, and typically from multiple companies, each with locations in multiple countries around the world. Solving inherent difficulties that result from managing this complexity are the raison d’être for PLM solutions.
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Different Evolutionary Stages of ERP and PLM The State of the PLM Market Given the relative immaturity of the product lifecycle management (PLM) movement, PLM often means different things to different people. Namely, due to its deep engineering roots from the 1980s, it still often gets confused with computer aided design (CAD) and/or product data management (PDM) systems. While CAD involves the use of high-resolution graphics in a wide range of product design activities, allowing quick evaluation and