Product lifecycle management is the period that moves with a product from designing, development, introduction to market, growth, and decline. Good knowledge of product lifecycle management is good as it leads to better decision-making and revenues.  The proper understanding of PLM product managers can face any challenge with product development. The product management benefited the product management process in various ways;  Good quality and reliable product  Reduce the making cost  Enhance the optimization process for products  Better supply chain Quick identification of sales opportunities So, in a nutshell, PLM simplifies, organizes, integrates, and allows an in-depth knowledge of product management and how to maximize product profit.