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What is PLM (Product lifecycle management) in mechanical engineering?

Product lifecycle management (PLM) is a set of processes and technologies used to manage a product throughout its entire lifecycle, from conception and design through development, manufacturing, and eventually disposal. In mechanical engineering, PLM is used to manage every aspect of a product's development from ideation to production, including design and engineering, manufacturing and assembly, maintenance and repair, and end-of-life support. PLM systems provide a centralized platform for all stakeholders involved in the development of a product, including engineers, designers, suppliers, and customers, to collaborate and track the progress of the product at each stage of its lifecycle. As a result, PLM helps companies improve product quality, reduce time-to-market, and increase profitability.

Other news

What is construction automation?

What is construction automation?

Construction automation refers to the use of technology to streamline and optimize the construction process. 

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What is parametric modelling in 3D?

What is parametric modelling in 3D?

Parametric modelling in 3D is a form of computer-aided design (CAD) that uses mathematical parameters to create 3D models.

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Description of parametric modelling in 3D

Description of parametric modelling in 3D

Parametric modelling in 3D is a design approach that uses mathematical equations and parameters to create three-dimensional models.

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