Stands for Product Lifecycle Management. A systematic approach in software development. It is used to manage the stages a product goes through, from its design and development to its ultimate retirement or disposal. It has four stages: conceive, design, realise and service.
|Developed by||Otto Kleppner (precursor)|
|Used by||AwareBase Corp., Symbotic, Trimble|
Companies have spent almost $35 billion on PLM software in 2013.