Archive for January, 2014
In industry, product lifecycle management tools are the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products. PLM integrates people, data, processes and business systems and provides a product information backbone for companies and their extended enterprise.
The inspiration for the burgeoning business process now known as product lifecycle management tools came from American Motors Corporation. The automaker was looking for a way to speed up its product development process to compete better against its larger competitors in 1985, according to François Castaing, Vice President for Product Engineering a