Review:
Product Lifecycle Management
overall review score: 4.5
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score is between 0 and 5
Product Lifecycle Management (PLM) is a systematic approach to managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal.
Key Features
- Product data management
- Design collaboration
- Bill of Materials management
- Change management
- Workflow automation
Pros
- Increased efficiency in product development
- Improved collaboration between teams
- Better control over product data and changes
Cons
- High cost of implementation for small businesses
- Steep learning curve for new users