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If do you improve your preventive and corrective planned mechanical maintenance you would be hable to get betters producto life-cicle mangement
Planned and unplanned maintenence
PLM required following tasks to be managed
Product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products .PLM integrates people, data, processes and business systems and provides a product information backbone for companies and their extended enterprise