Product Lifecycle Management
PLM refers to the handling of a goods as it moves through the typical stages of its product life: development and introduction, growth, maturity/stability, and decline.
It is the strategic process of managing the complete journey of a product from initial ideation, development, service, and disposal.
Phases of product development
Concept and design Develop
Production and launch Service and support Retirement
Idea/Project > Trials > Formulations > Compliance > Handover > Product/Launch
Concepts:
Intro, PLM Process and best practices, PLM Data Model,
PLM Recipe Data Model, Insight of BOM and component Structure (BOM Management), Basic data and Tools,
SAP Document Management, Document Info Record,
Basic Data screen of the document info record, status management
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