At the heart of a modern PLM process is a data-driven communication system powered by computer software. This software helps your team handle processes around managing products, including bill of materials management, document management, shipping logistics, supply chain logistics, and quality control. Large companies often purchase PLM software from global vendors like SAP, Oracle, and Netsuite. Small and medium-sized businesses may opt for more affordable vendors like Arena PLM, Teamcenter, and Autodesk Fusion 360.