The product development life cycle - innovate, conceptualize, plan, design, procure, produce, deliver, service, and retire - naturally includes multiple people, operating in multiple departments, and typically from multiple companies, each with locations in multiple countries around the world. Solving inherent difficulties that result from managing this complexity are the raison d’être for PLM solutions.
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the ERP vendors are making their way into the PLM market by bundling or partnering strategically to embed PLM functions within their suites. Like in all other enterprise applications markets, albeit not any time soon, the PLM market too will eventually come to a showdown between the pure PLM vendors and the enterprise application vendors (e.g., Oracle , SAP , IFS , SSA GT/Baan , etc.), which have been striving to natively embed more PLM capability into their products, in addition to the likes of