Product lifecycle management (PLM) is an information management system that can integrate data, processes, business systems and, ultimately, people in an extended enterprise. PLM software allows you to manage this information throughout the entire lifecycle of a product efficiently and cost-effectively from ideation, design and manufacture through service and disposal. Application allows to: Optimize relationships along the product lifecycle and across organizations; Set up a single system of record to support diverse data needs, so that the right people see the right information at the right time and in the right context; Maximize the lifetime value of your business' product portfolio; Drive top-line revenue through repeatable processes.