Is your business looking to expand its marketshare by increasing the manufacturing of a product? Many businesses are. It is always hard going from a niche market to one that is larger without compromising the product. When cases like these arise it is important to know every detail of the product in order to find how best to cut costs, which is a necessity of large production plans, and maintain quality, which is necessary for your success. Product lifecycle management can be the solution for any budding manufacturer or production plan. In fact, the PLM industry is expected to grow by nearly 10% between 2011 and 2015. So here is a what you need to know about PLM.