What is PLM?
Product Lifecycle Management is the concept of a technical backbone of any company with product development, based on different solution components.
For this reason, modern systems to support the PLM concept are characterized by an open and flexible platform concept. This platform serves as the technical backbone of the company and is the basis for digitization in the product development.
In particular, due to the increased complexity of the products, the distribution of product development across global locations and partners, and the increased pressure to innovate, the product development processes are no longer possible without efficient PLM.