PLM software is a tool designed to manage every aspect of a product's lifecycle, improving efficiency and fostering collaboration across various teams.
Choosing the wrong PLM software can lead to unnecessary complexity, frustration, and even lost opportunities, emphasizing the importance of careful selection.
Key functionalities of PLM include centralized product data management, workflow automation, version control, collaboration tools, and compliance management.
The distinction between PLM, PDM, and ERP is crucial: PLM manages the entire product lifecycle, PDM focuses on design data, and ERP on back-office functions.
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