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Product Lifecycle Management

Product Lifecycle Management (PLM)Initially, the focus of product data management was solely on design and engineering. Eventually, the need for secure data management and control during the entire product lifecycle expanded the requirements for systems used to manage product data and processes. As companies have had to change to thrive in today's unsettling global economy, these systems have had to as well.

Market uncertainties necessitate the ability to react quickly. Globalization and acquisitions are commonplace. Companies are outsourcing more and more, straining to communicate effectively internally, as well as with supply chain partners and customers. Development teams are stretched to their limits, faced with increasing demands for new, more complex products faster. And as always, heightened regulatory requirements drive the need for data accuracy and mistake- proof process management. 

Collaborative Product Lifecycle Management