PLM (product Lifecycle Management) is a software technology that is cloud-based, that helps organizations and companies to develop and launch a new product to the market. Along the whole value chain of a product, from the initial stage of design to production, supply chain management and operations, and asset maintenance, the software makes it simple to track and share data. Product Lifecycle Management software manages all the strategic processes of the complete journey of the Product Lifecycle. Supply chains have expanded globally in recent years, and firms are changing the way they operate.

Benefits of product lifecycle management:

Risk management
Short time to market
Reduced cost
Improves Productivity
Accelerate revenue growth
Data Sharing
High-quality product
Increased customer satisfaction
Speed of innovation
Increases workflow efficiency
Improved collaboration

How does PLM software work?
With Product lifecycle management software, you can develop high-quality innovative products. It can make it easy for you to work collaboratively with secure data and information sharing. It helps us to process the product lifecycle of a product throughout the delivery. PLM software is integrated with multiple features like BOM management, change management, business object management, configuration management, and more. So it helps in every step in the process of design to develop a product. PLM can be used in numerous industries like process manufacturing, and discrete manufacturing industries.

Which is the best PLM software?
There are a number of PLM software available in the market, but among them, cloud-based PLM software KloudPLM is known to be the best and most secure. Kloudplm can build on the industry's first cloud platform salesforce. It is fast and flexible software, with an affordable price. And also provides you the best-in-class data protection.