Software for managing product lifecycles. RFID Radio Frequency Identification Data. Tags that are read electronically via radio frequency. RFID gives many possibilties for automating tracking and even sales of products.

A system used to manage design and revisions to engineering drawings and bills of materials through the life of a manufactured or engineered part. PLM is an extension of PDM and is often integrated to ERP systems. Modern PLM systems have collaborative features supporting design and product structure management from multiple geographic areas. Terms Glossary Definition

Controls the entire lifecycle of a product from development, procuring the raw materials, production, sale and customer service. mySAP PLM maps the process steps in the product lifecycle.

Manufacturing software application that manages revisions to engineering drawings through the life of a manufactured part.

Product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from its conception, through design and manufacture, to service and disposal . It is one of the four cornerstones of a corporation's information technology structure . All companies need to manage communications and information with their customers (CRM-Customer Relationship Management) and their suppliers (SCM-Supply Chain Management) and the resources within the enterprise (ERP-Enterprise Resource Planning).