What is SAP Product Lifecycle Management in SAP (BV-PLM - Brand Voice - Product Lifecycle Management)?

SAP Term: SAP Product Lifecycle Management

• Component: BV-PLM

• Component Name: Brand Voice - Product Lifecycle Management

• Description: On-premise application that helps companies manage, track, and control all product-related information over the complete product and asset lifecycle as well as throughout the extended supply chain. SAP PLM is designed to facilitate creativity and to free the process of product innovation from organizational constraints.

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• Key Concepts: 
  SAP Product Lifecycle Management (PLM) is a comprehensive suite of software solutions designed to help companies manage the entire product lifecycle, from concept to retirement. It provides a single source of truth for product data, enabling companies to streamline processes, reduce costs, and improve product quality. It also helps companies manage product compliance and regulatory requirements. 
  
  How to use it: 
  SAP PLM can be used to manage the entire product lifecycle, from concept to retirement. It provides a single source of truth for product data, enabling companies to streamline processes, reduce costs, and improve product quality. It also helps companies manage product compliance and regulatory requirements. 
  
  Tips & Tricks: 
  When using SAP PLM, it is important to ensure that all stakeholders are aware of the system and its capabilities. This will help ensure that everyone is on the same page when it comes to managing the product lifecycle. Additionally, it is important to keep the system up-to-date with the latest product information and changes in regulations. 
  
  Related Information: 
  SAP PLM is part of the SAP Business Suite, which includes other solutions such as SAP ERP and SAP CRM. Additionally, SAP PLM integrates with other SAP solutions such as SAP HANA and SAP Ariba. For more information on SAP PLM, please visit the official website at https://www.sap.com/products/plm.html.