Product life-cycle management (PLM) is an information system which integrate data, processes, business systems, and eventually people in an extended enterprise. PLM software enables an enterprise to manage information efficiently and cost-effectively throughout entire lifecycle of a product. . It includes processes from ideation, design and manufacture and disposal of the product. PLM includes both an information strategy and an enterprise strategy. In information strategy, it includes coherent data structure by consolidating systems. In enterprise strategy, it enables global organizations to work as a single team in order to design, produce, support, and retire products. PLM software empowers business to make unified, information driven decision at every stage in a life cycle of a product.
