If you are involved in product development, you might have heard of two acronyms: PDM and PLM. But what do they mean, and how do they differ? More importantly, which one should you choose for your organisation? In the intricate landscape of product development, the choice between a Product Data Management (PDM) and a Product Lifecycle Management (PLM) solution can significantly impact a company’s efficiency and innovation.
PDM stands for Product Data Management, and PLM stands for Product Lifecycle Management. Both are software solutions that help you manage your product information and processes. However, they have different scopes and functionalities, depending on your needs and goals.
To help you understand the differences between PDM and PLM, we will focus on defining the differences between the two.