Product Life-Cycle Management

PLM (Product Life-cycle Mnagement) is the management of the life cycle of a product which includes all stages from the concept formation to design and production, introduction for service and removal from service. Integrates human, information, process and business systems, provides the backbone for the enterprises to create a memory for product information.

Product life cycle management (PLM) carries various solutions within its structure mainly through the use of Product Maintenance (PM), Project System (PS) and Quality Management (QM) functions. PLM (Product Life-cycle Mnagement) is mostly used in monitoring the new product development processes. If it is considered that the process here is very specific as for the costs and risks, it would be recognized that it could only be executed through the special functions that SAP PLM has. SAP PLM (Product Life-cycle Mnagement) is encountered as a solution in a very wide spectrum, from pharmaceuticals to automotive.