The process of managing the evolution of a product from idea to production can be challenging. With product lifecycle management (PLM), people, data and processes need an open line of communication.
Andreas Lindenthal, managing partner at PLMadvisors, a consulting firm that specializes in new-product development and PLM, discusses PLM software in this presentation.
Lindenthal defines PLM and explains its benefits, including integrating people, data and business systems. PLM also allows stakeholders to collaborate on a consistent set of information throughout the product lifecycle.