What is PLM (Product Lifecycle Management)?
Software that manages a product's entire lifecycle from concept and design through manufacturing, service, and disposal.
Definition
Product Lifecycle Management (PLM) is a strategic approach and software platform for managing a product's entire lifecycle — from initial concept and design, through engineering and manufacturing, to service and end-of-life disposal. PLM integrates people, processes, and data across the product lifecycle, providing a single source of truth for product information. PLM manages CAD files, BOMs, engineering change orders, regulatory compliance, and collaboration between engineering and manufacturing.
How PLM Works in ERP
PLM and ERP are complementary systems. PLM manages the engineering/design side (eBOM, CAD integration, ECOs), while ERP manages the manufacturing/business side (mBOM, production orders, costing). Integration between PLM and ERP ensures that engineering changes flow to manufacturing, and manufacturing BOMs stay in sync with design intent.
ERP Vendors with Strong PLM
Frequently Asked Questions
Do I need PLM and ERP?
If you design and manufacture products, you likely need both. PLM manages the engineering side (product design, CAD, engineering changes), while ERP manages the business side (manufacturing, finance, supply chain). Many manufacturers start with ERP and add PLM as their product complexity grows.