SAP PRODUCT LIFECYCLE MANAGEMENT
Product Lifecycle Management (PLM) is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products.
Through PLM, companies have complete access to information for their products and supply chain enterprise. As organizations expand into competitive global markets, adoption of PLM helps to overcome both engineering challenges and increased complexity of the market. PLM also helps facilitate automation in management and production, eliminating wastage and boosting efficiency.