PLM

—Product Lifecycle Management or PLM is a business strategy which deals with managing the entire lifecycle of a product by integrating multiple software tools, database, and management techniques. PDM system is one of the components of a PLM system.

—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. PLM integrates people, data, processes and business systems and provides a product information backbone for companies and their extended enterprise.