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Enterprise Resource Planning (ERP) plays a crucial role in Product Lifecycle Management (PLM) by providing a cohesive platform for end-to-end product development processes. ERP seamlessly integrates with PLM, offering a unified solution for managing product data, design, manufacturing, and distribution. This integration ensures real-time collaboration among cross-functional teams, streamlining workflows from conception to product launch. ERP’s contribution to PLM includes efficient resource allocation, cost control, and adherence to quality standards. With integrated analytics, organizations gain insights into product performance and customer feedback. By unifying PLM with ERP, businesses enhance innovation, reduce time-to-market, and achieve a synchronized approach to product development, ensuring a competitive edge in the dynamic market landscape.
