What Is PLM Software and Why Your Business Needs It
In today’s fast-paced and innovation-driven market, businesses face increasing pressure to launch products faster while maintaining quality, compliance, and cost-effectiveness. This is where PLM software —Product Lifecycle Management software—comes into play. Whether you're in manufacturing, electronics, automotive, or consumer goods, PLM software can be the cornerstone of your product development success. What Is PLM Software? PLM software is a digital solution that helps companies manage the entire lifecycle of a product—from initial concept and design to manufacturing, service, and end-of-life disposal. It integrates people, data, processes, and systems, serving as a central hub for product information. At its core, PLM software provides: Document Management : Store and control access to design files, CAD drawings, BOMs (Bill of Materials), and specifications. Change Management : Track and manage engineering change orders (ECOs) to avoid errors and ensure traceabilit...