What is the role of PLM in relation to product changes?

The role of Product Lifecycle Management (PLM) encompasses the management of all aspects of a product's lifecycle, from initial conception through design and manufacturing to service and disposal. PLM systems facilitate collaboration among various teams, ensuring that changes to the product are systematic, well-documented, and communicated effectively. This holistic approach allows organizations to respond efficiently to market demands, regulatory changes, and innovation opportunities, while also managing quality and compliance throughout the product's lifecycle.

By overseeing these various phases, PLM provides valuable insights into how product changes should be implemented, ensuring that any modifications align with strategic goals and are adequately integrated into existing processes. This comprehensive management is critical for maintaining product integrity and optimizing resource use, which are essential for a successful product strategy.