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In the Design Stage, the product's specifications, details, and blueprints are created and finalized before it moves to production.

Lifecycle Analytics involve the analysis of product and customer data throughout the product's life to inform decisions on product development, marketing, and improvements.

Simulation tools in PLM are used to digitally test product designs for performance, reliability, and manufacturability without physical prototypes.

Bill of Materials (BOM) Management involves organizing and managing the list of parts, components, and assemblies required to build a product.

This stage includes rigorous testing of the product to ensure it meets all the required specifications, safety standards, and customer expectations before full-scale production.

MES are computerized systems used in manufacturing to track, control, and document the transformation of raw materials to finished goods.

PLM software is a suite of applications that support the various phases of the product lifecycle, from concept to retirement, facilitating collaboration and data management.

Change Management in PLM is the process of controlling and documenting all changes made to the product and its documentation during the lifecycle.

The Concept Stage is the initial phase of PLM where ideas are generated and assessed for feasibility, potential market, and alignment with company strategy.