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Product Life Cycle management (PLM) signify 21st century paradigm in the field of product development. This is strategic approach for the management of a product from cradle to grave. Made up of two major parts, authoring tools and collaborative product definition management, PLM mainly target structuring and alignment of enterprise processes. In this book fundamental concepts of PLM have been researched as perceived by the professionals and experts. PLM fundamental needs and framework has been detailed for common general understanding of common manager. The steps and approaches that can be adopted in implementation of PLM have been specified along with future directions and solutions that are shaping up for the future. This book goes a step further introducing a new RFID based net work to extend the reach of PLM beyond manufacturing phase.