PLM - Product Lifecycle Management
Short for Product Lifecycle Management, it refers to a set of software tools used for mechanical design, analysis and manufacturing to support products from when they are first conceived through distribution and retirement. *PLM is assembled from various software programs, rather than purchased outright as a single commercial off-the-shelf product. Once assembled, a well-designed PLM system will manage product specifications and formulas, provide production histories, create complete product genealogies, and track total product quality.
Source: Adapted from EnteGreat
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