Product Lifecycle Management Service System

Product lifecycle management represents an all-encompassing vision for managing all data; its concepts were first introduced when safety and control were extremely important. Over the last ten years, benefits of PLM solutions were discovered and adopted efficient PLM software in increasing numbers. PLC is an assumption that every product goes through, which involves the same pattern of introduction into the market, growth, maturity, and decline. More time the product spends on market and through the cycle, the sales increase. Each product's PLC is different and at risk of not making to introduction phase. However, company's strategy should remain consistent throughout each of the phases. As in the market exist many PLM solutions this paper will review some prominent systems and come up with a system and solutions that combines the best features among them all. The focus of the system is for small and medium companies that are managed by either its owner or founder in medium companies or by a team leader. A multilevel list of all modules and components useful when managing a product through its whole creation process of exist is provided throughout the paper with all the indicators.