Product lifecycle management (PLM) is a systematic approach to managing the entire lifecycle of a product from its conception to its eventual retirement. PLM covers the entire spectrum of activities involved in bringing a product to market, including product planning, design, development, manufacturing, and post-sales support. An effective PLM system can help streamline these activities and make the product development process more efficient. A PLM system typically includes a central database that stores all product-related information, as well as tools for managing different aspects of the product lifecycle. The following is a checklist of key features to look for in a PLM system.

• Define your product lifecycle management requirements.
• Define your business goals and objectives.
• Define what you need from a PLM system.
• Research and compare different PLM system options.