PLM is the process of managing the entire lifecycle of a product from inception, through engineering design, manufacture and transportation, to service and disposal. PLM integrates people, data, processes and business systems globally through integrated software solutions.
PLM (Product Lifecycle Management) is a business strategy that uses a set of software solutions to create the product definition in a collaborative way, for a better management and an optimal dissemination of the company.
By extension, the software which allows the implementation of this strategy is also known as PLM.