Product Lifecycle Management (PLM) deals, as the name implies, with the entire lifecycle of a product. A lifecycle may be divided into many different phases depending on the level of detail. The PLM mindset is focused on the product in the entire lifecycle, which means that the view is different from the traditionally division in functionalities and silos in a company. The PLM view follows the product from the first concept to disposal and recycling. The traditional horizontal view is therefore said to be changed to a vertical view. I would define a full PLM solution to be when information relating to the products flow across the enterprise and people collaborate around it.
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