PLM is a business strategy for creating and sustaining…

PLM is a business strategy for creating and sustaining such a product-centric knowledge environment. It is rooted not only in design tools and data warehouse systems, but also on product maintenance, repair and dismissal support systems. A PLM environment enables collaboration between – and informed decision making by – various stakeholders of a product over its lifecycle.
Tezri et al (2010)
Tezri, S., Bouras, A.,Dutta, D., Garetti,& Kiritsis, D. (2010). Product Lifecycle Management – from its history to its new role, International Journal of Product Lifecycle Management. Vol. 4, Issue 4. 360 – 389. Inderscience.

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Image source : Infor http://www.infor.com/solutions/plm/

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