Manufacturing Value Chain

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The definition of what it means to manage the lifecycle of a product has evolved dramatically over the past 5-10 years to the point where Product Lifecycle Management (PLM) is no longer confined only to a single enterprise application. There are multiple tools and new technologies that enable easier collaboration across a disparate global design and development team that consists not only of engineers and R&D, but also business line, marketing, sales, manufacturing, and supply chain. This is why PLM software companies have opened and broadened their offerings to a product innovation platform, where multiple enterprise applications are tied together, with product and customer data at the core.

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