PLM Explained: Understanding Product Lifecycle Management + Example
5:09
YouTubeShare PLM
PLM Explained: Understanding Product Lifecycle Management + Example
Essential Guide to PLM: Join Jamie, a Change Management Consultant at Share PLM, as we explain PLM in a simple way plus walk you through a use case. Learn how PLM streamlines product development from concept to retirement, managing complex workflows, engineering data, and collaboration. Understand the key phases: Conceptualization, Design ...
22.9K viewsJul 3, 2024
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#Product Lifecycle Management
What is Product Lifecycle Management (PLM)? Why It Matters
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Product Lifecycle: product life cycle describes the stages a product goes through from its development to its decline in the market, typically including Development, Introduction, Growth, Maturity, Saturation, and Decline. This concept helps businesses track sales and adjust strategies for advertising, pricing, and product development to maximize profitability and market share at each stage | Rohit Chandra Thakur
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