What exactly is PLM

Hello Friends,
I am new to PLM , actually my requirement is 2 have 3D image rotation like for CAD Files.
Im using ecl viewer for that, but my seniors told me that one can use PLM
What is PLM ? Is it different from SAP R/3
is it a software which needs to install or it has its complete different hardware ???

PLM stands for Product Lifecycle Management.
A PLM definition:
“A strategic business approach that applies a set of
business and IT solutions in support of collaborative
creation, management and use of product definition
information across the extended enterprise from
concept to end of life – integrating people, processes,
business systems, and information. Product Lifecycle
consists of three interacting lifecycles in the
organization: product definition, production definition
and operational support”.
The key benefits for customers are accelerating time
to market, reducing life cycle costs and optimizing
asset utilization.
Management of product definition lifecycle is not a
new concept. Twenty years ago Product Data
Management (PDM) was a leading concept for
management of engineering information. Customs
implementation focused on precise applications.
Today, PLM is a business concept that covers the
lifecycle in the extended enterprise, addressing top
and bottom line issues. PLM solutions can support a
broad range of products in all kind of
industries/customers (civil engineering/construction,
chemicals, high tech/electronics, and public sector).
Industry specific data/process requirements like FDA,
ISO, STEP, UCC can be covered in SAP PLM solutions.
PLM does not include other major enterprise
solutions like ERP and CRM. However, PLM solutions
integrate with other business systems
on information and process level.
So: the MySAP PLM solution is one of the market
leaders in Product Definition Management.

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