A product development and management product from SAP.
Product Lifecycle Management (software). Software tools used, primarily by industrial manufacturing companies to document and support the complete life cycle of their products and to devise and manage ancillary services, such as product maintenance. PLM products are increasingly integrated with ERP and CAD software.
Acronym for Product Lifecycle Management A business strategy that helps companies share product data, apply common processes, and leverage corporate knowledge for the development of products from conception to retirement across the extended enterprise. By including all actors (company departments, business partners, suppliers, OEM, and customers), PLM enables this entire network to operate as a single entity to conceptualize, design, build, and support products. Defined broadly, PLM is an information-driven approach to all aspects of a product’s life, from design to manufacture to deployment and maintenance, eventually ending when the product is removed from service and disposed. Imagine all of these steps enabled by a set of highly integrated processes, methods, and tools. PLM systems are really an outgrowth of product document management, or PDM systems, and are geared more toward CAD data than simulation data.
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Product Lifecycle Management. 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
(n) Product lifecycle management breaks down the technology silos that have limited interaction between the people who design products and the people who build, sell, and use them. Using the collaborative power of the Internet, PLM lets an organization begin innovative product design while reducing cycle times, streamlining manufacturing and cutting production costs.
Acronym for Product Lifecycle Management. A business strategy that helps companies share product data, apply common processes, and leverage corporate knowledge for the development of products from conception to retirement, across the extended enterprise. By including all actors (company departments, business partners, suppliers, OEM, and customers), PLM enables this entire network to operate as a single entity to conceptualize, design, build, and support products. Dassault Systèmes PLM solutions make it possible to design and develop products by creating digital mockups (a 3D graphical model of a product). With CATIA, the digital product is defined and simulated. With DELMIA, the lean digital manufacturing processes are defined. With ENOVIA and SMARTEAM, product lifecycle information, including product configuration, process knowledge and resources information, are managed in a collaborative way.
Product Lifecycle Management or Plant Lifecycle Management.
'Product Life Cycle Management'. Collaborative and digital management of the life cycle of products.
Product Lifecycle Management. 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.
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Product Lifecycle Management. Manufacturing software application that manages revisions to engineering drawings through the life of a manufactured part.