Product Lifecycle Management

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The significance of product lifecycle management (PLM - Product Lifecycle Management, formerly referred to, in a narrower frame of reference, as PDM - Product Data Management) is increasing, especially for companies in the manufacturing, high technology, and service industries. Product and component lifecycles are shortening while, at the same time, new products must be delivered to market more quickly than before. Many manufacturing and service companies are also trying to grow out of a bulk provider role. In the future they will be p- viding configurable and flexible solutions rather than ju...