[[{"@context":"http:\/\/schema.org","@type":"Answer","text":"Product lifecycle management (PLM) is intrinsically linked to the inception phase of a product. It tracks and manages all data associated with developing new products, including details like CAD drawings, specifications, and documentation throughout the development journey.","name":"Product lifecycle management (PLM)","@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/13\/plm-vs-pim-roles-differences\/#Answer1"},{"@context":"http:\/\/schema.org","@type":"Answer","name":"Product information management (PIM)","text":"Product information management (PIM) is a centralized data system that manages all the information related to marketing and sales of products, bridging upstream systems with customer-facing downstream applications and channels. This data includes images, descriptions, and pricing information.","@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/13\/plm-vs-pim-roles-differences\/#Answer2"},{"@context":"http:\/\/schema.org","@type":"Answer","name":"PLM vs PIM","text":"<ol> <li><strong>PLM's role in product development<\/strong> revolves around a singular focus: optimizing the creation and lifecycle of a product. It provides the foundation upon which a product is built. By streamlining processes and enabling collaboration across teams, PLM systems boost the efficiency with which products are developed and prepared for manufacture.<\/li> <li><strong>PIM's role in market and sale processes<\/strong> is to take the reins in presenting and managing product data across digital sales platforms. Once the product is ready for market, PIM ensures that the most accurate and engaging product information is consistently showcased and analyzed for optimal sales across all channels. This plays a vital role in converting prospects into customers.<\/li> <\/ol>","@id":"https:\/\/www.the-future-of-commerce.com\/2024\/03\/13\/plm-vs-pim-roles-differences\/#Answer3"},{"@context":"http:\/\/schema.org","@type":"BlogPosting","about":[{"@type":"Thing","name":"Product information management","@id":"https:\/\/en.wikipedia.org\/wiki\/Product_information_management#Thing"},{"@type":"Thing","name":"Product life-cycle management","@id":"https:\/\/en.wikipedia.org\/wiki\/Product_life-cycle_management_(marketing)#Thing"},{"@type":"Thing","name":"product information management (Q1430858)","@id":"https:\/\/www.wikidata.org\/wiki\/Q1430858#Thing"},"https:\/\/www.the-future-of-commerce.com\/2024\/03\/13\/plm-vs-pim-roles-differences\/#About",{"@type":"Thing","name":"Industry","@id":"https:\/\/en.wikipedia.org\/wiki\/Industry_(economics)#Thing"},{"@type":"Thing","name":"Product lifecycle","@id":"https:\/\/en.wikipedia.org\/wiki\/Product_lifecycle#Thing"},{"@type":"Thing","name":"product 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