What is PLM?

The essence of organizing the data via a PDM system is to virtually render the product in the system as a parts list. A product is hierarchically structured over its components down to its individual parts. This for instance enables CAD users to conduct product modelling based on single parts. The configuration management allows for a change in rendering of the parts list, depending on the needs of the individual user. This means that a parts list can be rendered in its recent, ready-for-production stage or in its current processing status. Alterations to components or individual parts are system-administrated by means of different versions and the release of these versions is controlled via a release process. Not only can a PDM system control the release process, but its workflow management also allows for a general control of group-orientated working processes. Via roles and rights the system controls the data access of individual users. A PDM system is a company wide integration platform for all business systems in the developing process and therefore serves as a distinct source for the entire data pool of the engineering department.

Product Lifecycle Management (PLM) is the company strategy for a consequent use of PDM information in all fields and stages of the industrial value chain, independent of location and company. The strategy stretches from process control to manufacturing, modification and usage of the virtual product with a complete documentation of its "life story".