Product Data Management (PDM) System – A PDM system is an
engineering centric solution for the management and classification
of part and document product data and the management of change to
this information.
Product Lifecycle Management (PLM)
Product Lifecycle Management (PLM) System – A PLM system is an
enterprise solution which is a superset of a PDM system that
embraces not only engineering part and document product data but
also deals with broad cross-functional and management team aspects
like new product introduction, product portfolio management,
supplier and OEM secure collaboration, and integration with the
other enterprise elements like ERP. The domain of PLM spans product
ideation to retirement.