What is PLM Software

What is PLM Software? Product lifecycle management organizes and records data for a product in order to reduce the time necessary to develop and launch a product. High quality PLM software can reduce product implementation costs by up to 65%. The PLM industry is expected to grow at an estimated CAGR rate of 9.5% annually from 2011 to 2015 according to TechNavio market research. The use of PLM software allows for faster product production and better quality assurance management. PLM software tracks all product data, and also easily organizes the data for easy access and practical use. BROUGHT TO YOU BY: O INTEGWARE Innovation Meets Compliance