“…Product Lifecycle Management (PLM) is widely understood as concept for the creation, processing, storage, and retrieval of data, information and, ideally, knowledge throughout the lifecycle of a product from its conceptualization or inception to its disposal, recycling or recovery (Lämmer and Theis, 2015). PLM is seen in the industry as one of the core concepts to fulfil a number of business requirements in the manufacturing industry with respect to the completeness, high transparency, rapid accessibility and high visibility of all product data during a product's lifecycle (Pfouga et al, 2018). Those requirements also are related to financial aspects like cost management and revenue growth, to the product itself like innovation, competitive functionality, time to market, quality and high productivity, and to regulatory aspects as compliance, product risk management and documentation.…”