20 Best Product Lifecycle Management (PLM) Solutions in 2024

As industries adjust to the globalization of supply chains and manufacturing, it’s more important than ever for businesses to adapt to technology. Companies must also optimize their operations and product design workflows to remain competitive. One way for organizations to keep up is to use product lifecycle management (PLM) software. Through PLM solutions, companies can unify business processes into a single platform, speeding up all aspects of the product design process and enabling data-based decision-making. These software’s features also significantly cut down time to launch.

This article lists the 20 best product lifecycle management (PLM) solutions available today. In addition to overviews, we’ve included key features and pricing details for each product. With this information, hopefully, businesses can choose the best product lifecycle management tools for their needs.

Product lifecycle management is a complex, multi-phase process, and much of the success of its workflows depend on the efficiency of the product manager and his team. For instance, product managers must be flexible enough to meet the different goals of each phase of the product management cycle. As a result, according to surveys, managers who are able to achieve these goals also have the ability to boost company profits by 34%.

Unfortunately, product managers and their teams also face their fair share of challenges. For instance, one survey found that there was no consistent process for product management for 50% of companies.

Given these challenges, product managers and their teams stand to gain plenty of benefits from digital transformation. This is particularly true when adopting product lifecycle management solutions to help product management teams streamline internal workflows and centralize data for each phase of the product lifecycle. With these features, PLM solutions can also help teams improve overall productivity.

With that, this article lists the 20 best product lifecycle management (PLM) solutions today. These software solutions come with plenty of features to support product management teams in becoming more effective and meeting customers’ needs.

Best Product Lifecycle Management (PLM) Solutions in 2025

1. monday.com

As a product lifecycle management solution, monday.com provides plenty of features to help companies organize workflows for product management. For instance, an important feature of the platform is that it lets users set up a wide variety of boards for roadmaps, sprints, and development plans. monday.com also offers built-in customizable templates for these specific boards so users don’t have to start from scratch.

Using these boards, users can easily organize all tasks related to product management workflows. You can set up a board to serve as a high-level roadmap so you and your team can stay focused on your big-picture goals. While each task can be attached with statuses and deadlines, the board can also be integrated with calendars to ensure that nothing falls through the cracks.

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Once you have everything set up, you can share all the data with stakeholders and internal departments in your organization. monday.com’s intuitive interface makes it easy to access and digest important data such as KPIs, reports, and even product specifications. The platform can also help users capture feedback from customers by collecting calls, surveys, and emails in one location.

A look into monday.com pricing reveals that the platform comes in one free plan and four paid plans. You can also contact the vendor to get more detailed information on enterprise pricing.

2. SAP PLM

A well-known PLM solution, SAP PLM helps product management teams enjoy greater control in planning, designing, and creating products. With its features, the platform supports users in making better decisions on product design and helps companies meet customer demands and requirements.

Part of the SAP Business Suite, SAP PLM is also a modular system that lets users integrate other tools to effectively perform product management processes. As a result, the system is able to offer features such as comprehensive portfolio management, document management, BOM management, and product costing. The platform also comes with features for innovation management, providing tools for analytics and business intelligence. These tools ensure that organizations can align talent and capabilities so ideas are successfully turned into products. Moreover, SAP PLM integrates with CAD software for easier data transfer between systems.

Pricing for SAP PLM is available upon request. You can contact the vendor for more information on pricing.

3. Siemens Teamcenter PLM

Siemens Teamcenter PLM is designed as an adaptable PLM system that helps organizations establish a digital thread for innovation while connecting teams and processes. The system also comes with an intuitive interface, making it easier for teams to participate in the product development process and improve productivity in their tasks.

The system also provides many solutions that PLM processes require. For instance, using Teamcenter, product management teams can easily access and control product data and development processes. The platform also serves as a centralized location for documentation, bills of materials, 3D designs, and other relevant resources. This accessibility makes it easier for product management teams to work with other departments such as manufacturing, compliance, and supply chain management. For added functionalities, the platform also readily integrates with ERP software.

This Siemens PLM tool is available in custom pricing, so interested users must contact the vendor to get a customized quote.

4. Autodesk Vault

As a product lifecycle management solution, Autodesk Vault improves data management and serves as a centralized source of organized data for engineering, manufacturing, and product management teams. By serving as a single source of data, the platform supports improved collaboration and helps streamline workflows across organizations.

Additionally, the platform directly integrates with CAD tools and Autodesk design tools so users can manage CAD data within a user-friendly interface. Users can also simultaneously create designs from a central location, since they get safe access to data. Users will also be able to collaborate more efficiently by marking up designs and sharing comments and suggestions for design changes. Plus, for easier organization, files can be organized by color according to the lifecycle state.

Autodesk Vault is available in two versions—Vault Professional and Vault Office—each with its own pricing. A subscription to Vault Professional costs $770 per year.

5. PTC Creo PLM

PTC Creo PLM is designed to provide a solution PLM teams need. This particular tool is focused on supporting faster, more efficient product innovation. The platform also has an easy-to-learn interface so teams can get to work on their tasks right away.

To be truly effective, the platform offers the latest technologies in product design. For instance, Creo provides features in AI-driven generative design, such as Generative Topology Optimization and Generative Design extensions. Through these extensions, product teams can develop low-cost yet high-quality designs. The platform also provides a high-fidelity simulation tool that helps users analyze the performance of 3D prototypes before moving on to the manufacturing phase.

PTC Creo is available in various design packages, which start at $2,780 for a locked license. This license includes access to features for 3D part and assembly design, multi-CAD collaboration, additive manufacturing, and advanced framework design.

6. Infor PLM Discrete

Infor PLM Discrete is a PLM solution designed specifically for discrete manufacturers, such as those in the automotive, electronics, and pharmaceutical industries. The platform also empowers product management teams and suppliers in cutting down time to market and lowering product costs.

An important feature of Infor PLM Discrete is that it allows for convenient data management. Through the platform, product management teams can manage all relevant documents in one location. Meanwhile, role-based security levels ensure only the right people can access these documents. Additionally, the software helps users improve the efficiency of the product design process, using low-cost alternatives without sacrificing form or function.

To further help solutions PLM teams, the platform readily integrates with free CAD software as well as paid CAD solutions. Interested users can contact the vendor for a customized quote.

7. Infor PLM Optiva

Infor PLM Optiva works to streamline product lifecycle management for process manufacturing companies, like those in the life science, chemicals, and food and beverage industries. The platform is designed to provide a unified view of product data and processes to improve visibility into these processes and boost organizational productivity.

To be truly useful to product management teams, Infor PLM Optiva offers the features of project management software. As such, the platform comes with built-in stage-gate methodology. However, users can also view projects in a Gantt chart-like interface to be updated on project status. For added efficiency, the platform helps businesses achieve regulatory compliance, with rule-based compliance automation and regulatory compliance for labels and nutritional declarations. Users can take advantage of recipe and formula optimization as well to reduce costs and forecast margin opportunities.

Like Infor PLM Discrete, Infor PLM Optiva is available in by-quote pricing. You can contact the vendor for additional pricing information.

8. Oracle Agile PLM

Oracle Agile PLM works as a comprehensive solution that helps organizations streamline their product value lifecycles. The platform offers an integrated framework that can help users achieve more efficient product innovation and improve profitability.

This PLM tool covers all aspects of product lifecycle management, including product collaboration, product governance and compliance, and product quality management. For instance, through the platform’s product collaboration features, users can easily access and manage product record information throughout each product’s lifecycle. Meanwhile, the solution’s product governance and compliance capabilities allow users to track the materials used in all parts of a product, so companies can meet substance restrictions and create required reports as needed.

Pricing for Oracle Agile PLM is also on a by-quote basis. Interested users can contact the vendor to get a customized quote.

9. PTC Windchill

PTC Windchill serves as an advanced product lifecycle management software that provides businesses with real-time information and supports dynamic data visualization and collaboration. An important feature of PTC Windchill is that it also ensures easy data access for teams across the organization, even those in different locations. This makes it easier for distributed teams to collaborate.

The latest version of Windchill also comes with many new features that product management teams can benefit from. For instance, the platform improves access to data by letting users build their own apps. Using these apps, users can access and combine data from multiple systems. Additionally, the platform allows users to discover design issues at earlier stages and resolve these before moving on to the next phase of the product lifecycle. Likewise, a proof of traceability feature helps protect companies’ intellectual property.

PTC Windchill is also available in three packages: Base, Advanced, and Premium levels. Costs of the software are also affected by the add-ons and apps chosen by the user.

10. Upchain PLM

Upchain PLM works as an efficient PLM tool that helps streamline various PLM processes for businesses of all sizes. Through this PLM software, users can also benefit from easier collaboration, speeding up product development.

The platform is also designed for modern manufacturing processes. Using Upchain PLM, users can bring product data into the design programs and CAD systems being used by the product management team. Users can also streamline product management workflows through built-in templates and customize phase gates and milestones depending on their organizations’ needs. Moreover, as a cloud-based PLM system, the software gives external stakeholders such as suppliers and customers access to CAD data. BOM data can also be updated and shared in real time.

Upchain pricing is flexible, too, with the platform offering packages at multiple price points. Interested users can contact the vendor’s sales team for detailed pricing information.

11. Dassault ENOVIA

Dassault ENOVIA focuses on improving collaboration and streamlining business processes for global teams. Powered by the 3DEXPERIENCE platform, the software makes it easier for teams to work together, deliver innovative products, and gain marketplace advantages.

For instance, the platform’s collaboration and intelligence features connect all relevant users and support structured collaboration and governance. In turn, these features make knowledge sharing easier and break down data silos in organizations as well. Additionally, the software comes with planning capabilities that unify enterprise product data and program and project management capabilities into a single dashboard. This dashboard is updated in real time as enterprise data changes.

Like many PLM solutions, Dassault ENOVIA also comes at customized pricing. You can contact the vendor directly to get a customized quote for your business requirements.

12. Roadmunk

Roadmunk focuses on helping product management and marketing teams create easy-to-understand, streamlined product roadmaps. Through these roadmaps, product management teams can stay on track with PLM goals and easily manage product launch campaigns.

One useful feature is that the platform lets managers and teams visualize their product development strategies and commit to specific dates on a timeline. With this feature, the timeline ensures that all team members remain aligned on goals and milestones. Another useful Roadmunk feature is that it lets agile teams set up more flexible roadmaps. These “swimlane” roadmaps are ideal for teams who prefer to work on more adjustable timelines. Moreover, the platform helps users create products that customers need by linking collected feedback to logged product ideas.

Lastly, Roadmunk is available in four different paid plans, namely Starter, Business, Professional, and Enterprise. The most popular plan is the Business plan, and it starts at $49 per editor, per month (billed annually).

13. Dozuki Electronic Work Instructions

Dozuki Electronic Work Instructions focuses on supporting industrial businesses and enabling improved employee performance. Through the platform, businesses can implement better workflows for common PLM and manufacturing aspects such as safety procedures, assembly tasks, and routine machine maintenance.

The platform also comes with features to help users create clear, direct work instructions. This is possible through a built-in, standardized format for work instructions. For more complicated processes, users can directly attach images and videos and take advantage of built-in image markup tools. In addition to these features, Dozuki provides features for document control. In this way, managers can easily approve updates and control file versioning.

Moreover, Dozuki Electronic Work Instructions comes in various paid plans, which are available in custom pricing. All Dozuki plans include multimedia work instructions, training modules, custom approval workflows, and iOS and Android apps.

14. Serena Business Manager

Acquired by Micro Focus in 2016, Serena Business Manager serves as a process management platform that helps improve agility and productivity across organizations. The platform allows managers and teams to collaborate and create business processes that are ultimately more efficient.

This solution also comes with various components that can help improve PLM processes. For instance, the software comes with a built-in Composer, a visual environment where designers can work and create process applications through drag-and-drop functions. Aside from the Composer feature, Serena Business Manager comes with an Application Administrator. This is a web-based application where managers can handle application deployment and versioning.

Serena Business Manager is also available in customized pricing, so you can get a customized quote that matches your business needs.

15. Autodesk Fusion 360 Manage

Formerly known as Autodesk Fusion Lifecycle, Autodesk Fusion 360 Manage works as an application that lets users manage design changes and workflow approvals. For product lifecycle management, in particular, the platform helps users manage their Items and Bills of materials and the change and quality process involved in these.

The software also helps product management teams centralize data and processes on a single platform. Users can share and manage data to ensure easier access to product designs. Moreover, the platform serves as a centralized location for bills of materials, so stakeholders can access these documents and be updated on the latest product information. More importantly, managers can get notifications on design changes so they can approve these and handle compliance requirements more efficiently.

This platform is available at various price points. However, interested users must contact the vendor to get detailed pricing information.

16. Deltek Costpoint

Deltek Costpoint is a solution designed to help users gain more visibility into project data. The platform can also be extended to cater to various business needs. For instance, the software can be extended through a manufacturing module.

This manufacturing module helps product management and manufacturing teams improve quality control workflows and bring digital transformation to the manufacturing process. Through the module’s new manufacturing data model, for instance, users can easily pinpoint issues and resolve these quickly. With this module, the platform also provides compliance support for MMAS and DFARS and automates data capture. These features help organizations be audit-ready. Moreover, the software can provide financial and manufacturing reports so users can identify weak spots.

You can contact the vendor for a custom quote for Deltek Costpoint and its modules.

17. ProdPad

ProdPad is a PLM tool that aims to help users create effective product roadmaps. Through the software, product management teams can build lean product roadmaps that are focused on outcomes. Drag-and-drop tools are also available, so creating these visualized plans takes up less time and effort.

Additionally, ProdPad comes with a Priority Chart feature that helps managers choose valuable product ideas. These ideas can then be validated and moved down the workflow. You can also filter ideas based on customer desire, level of detail, team votes, and other factors. And, to make sure you create products that customers actually want, you can easily gather feedback through the platform’s built-in features for forms and widgets. You can also pull feedback from leads and sales by integrating ProdPad with customer service software.

ProdPad pricing depends on the modules you choose: Roadmaps, Ideas, and Feedback. Pricing for the platform comes on a per-editor basis.

18. Elbats MES

Elbats MES works as a customizable software that offers the features of a PLM solution and manufacturing execution software. As such, the software helps manufacturing and product management teams streamline essential workflows such as information management, materials complexity tracking, and electronics production management.

The platform can help manufacturing companies improve productivity as well. For instance, production management is a complex process that often requires considerable investments in time and manpower. Elbats MES can help managers properly record every aspect of production and ensure that production lines are always moving. This production-centric platform also helps users efficiently manage production plans and monitor progress status.

Elbats MES comes in customized pricing, so interested users can contact the vendor to get a customized quote.

19. Lectra Fashion PLM

Lectra Fashion PLM is a PLM solution designed specifically for businesses in the fashion industry. The platform supports easier collaboration and helps organize the design-to-production workflow. In this way, businesses can easily meet operational goals.

With Lectra’s four decades of experience in apparel production and fashion, the platform’s features are designed to modernize product innovation and development. The software also offers extensive coverage of fashion production workflows, including color management, sourcing, material development, and creative design. Users can also easily create multiple collection plans through a built-in financial overview that likewise addresses seasonal trends and time constraints.

The platform is available in customized pricing. If you’re interested, you can contact the vendor directly for pricing details.

20. Uservoice

UserVoice is a product management software that works as a centralized feedback solution for gathering and analyzing customer feedback. Through the platform’s features, product management teams can easily analyze and apply customer feedback to improve products.

First, the software makes it easier for teams to capture and track feedback from multiple sources through in-app widgets and third-party integrations. This feedback is then gathered into a single system to ensure accessibility. Second, UserVoice provides a dedicated place where internal stakeholders can share important product feedback with the product management team. Lastly, the platform also comes with communication features to keep stakeholders engaged, share status updates on the outcome of their feedback, and share product roadmaps.

UserVoice pricing depends on the UserVoice product you choose. For instance, UserVoice Discovery is available in four paid plans: Essentials ($699 per month, billed annually), Pro ($899 per month, billed annually), Premium ($1,349 per month, billed annually), and Enterprise (custom pricing).

What is the best product lifecycle management solution?

Your pick from among the best product lifecycle management (PLM) solutions will largely depend on your business’s specific needs for your PLM workflows. The good news is that many of the PLM solutions on this list offer similar features that can help businesses streamline PLM workflows, create product roadmaps, and manage costing and BOMs. You may also want to consider that some PLM tools are more specialized in nature and focus on just one or two aspects of product lifecycle management.

If you’re overwhelmed by this long list of PLM solutions, you can start with our top contender: monday.com. This highly flexible platform can meet the requirements of different project methodologies while improving visibility through high-level overviews and phase-specific task boards. The platform also comes with features for collecting customer feedback.

Do note that as your product evolves into maturity, you will find the need for other tech solutions to sustain its sales growth. Data analytics, ERP, CRM, CEM and SEO tools are but some of these essential software solutions. Looking ahead, your PLM should easily integrate with these systems.

By Nestor Gilbert

Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline for over 5 years. With his experience in software development and extensive knowledge of SaaS management, he writes mostly about emerging B2B technologies and their impact on the current business landscape. However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges.