To develop a PLM software system, we have to think about what should it include so that we can rely on it for efficient management of product lifecycle. We should focus on what are the basic features a PLM software system should have.
The success of a product in the market depends on various factors. The factors which are crucial for a product to become a pioneer in the market is time to launch the product in the market before competitors
In BOM there is also a provision for information about replaceable parts in certain condition. The most used terms in BOM management are substitute parts and alternate parts.
Change Process is very important phase of Product Lifecycle Management. This article focus on Importance of Change in lifecycle of product.
It is related to BOM management concept which support product lifecycle management and new product development process