Product Lifecycle Management

Product Lifecycle Management (PLM) is the process of managing product-related design, production and maintenance processes and data. It assumes the following:

1. Products have a limited life and thus every product has a life cycle
2. Product sales pass through distinct stages, each posing different challenges, opportunities, and problems to the seller
3. Products require different marketing, financing, manufacturing, purchasing, and human resource strategies in each life cycle stage

NexInfo’s PLM services for Business Process Design focus improving companies’ development processes and their use of product information to make the optimal decisions regarding which products to make and how to make them.