Product Lifecycle Management (PLM) is a comprehensive approach to managing the entire lifecycle of a product, from its initial concept and design to production, maintenance, and eventual disposal or recycling. PLM systems integrate data, processes, business systems, and people, providing a central platform for sharing information across teams such as engineering, manufacturing, and marketing. In manufacturing, PLM helps streamline product development, ensure consistency, and improve time-to-market by providing real-time access to design files, materials, and change histories. For example, PLM can track revisions to design documents, manage bill of materials (BOMs), and support collaboration between different departments or external suppliers. The use of PLM increases efficiency, reduces errors, and supports innovation by ensuring that all stakeholders have access to the most current and accurate product data throughout its lifecycle.