PLM (Product Lifecycle Management)

PLM can be defined as software solutions, as well as methodologies, strategies, or human expertise, aiming to manage and support the development of a manufactured product from its initial conception to its disposal.  

  

PLM plays a major role in the Digital Thread. Indeed, it orchestrates a very complete set of information in the Digital Thread, guaranteeing a single source of truth whereby the right data is made available to the right people at the right time.  

  

The idea of a set of resources managing a product lifecycle helps drive business decision-making, from pricing and promotion to expansion or cost-cutting.