1. Product Lifecycle Management (PLM): A strategic approach to managing the entire lifecycle of a product from inception, through engineering design and manufacturing, to service and disposal.

    

2. Product Development: The creation of a new product or improvement of an existing product to meet customer needs or market demands.

    

3. Bill of Materials (BOM): A comprehensive list of parts, items, assemblies, and other materials required to create a product, along with their quantities.

    

4. Computer-Aided Design (CAD): The use of computer systems to aid in the creation, modification, analysis, or optimization of a design.

    

5. Computer-Aided Manufacturing (CAM): The use of software and computer-controlled machinery to automate a manufacturing process.

    

6. Change Management: The process, tools, and techniques for managing the people-side of change to achieve the required business outcome.

    

7. Configuration Management: A process for maintaining consistency of a product’s performance, functional, and physical attributes with its requirements, design, and operational information throughout its life.

    

8. End-of-Life (EOL) Management: The final stage of a product’s lifecycle involving its discontinuation, removal, or replacement.

    

9. Lifecycle Assessment (LCA): The assessment of the environmental impact of a product throughout its lifecycle.

    

10. New Product Introduction (NPI): The complete process of bringing a new product to market.

     

11. Product Data Management (PDM): The use of software to manage product data and process-related information in a single, central system.

     

12. Rapid Prototyping: Techniques used to quickly fabricate a scale model of a physical part or assembly using three-dimensional computer-aided design (CAD) data.

     

13. Supply Chain Collaboration: Working synergistically with suppliers and distributors to manage the flow of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

     

14. Time-to-Market: The period it takes from a product being conceived until its being available for sale.

     

15. Version Control: The management of changes to documents, computer programs, large web sites, and other collections of information.

These terms cover a wide spectrum of concepts in PLM, providing a comprehensive overview of methodologies, strategies, and tools used to manage the lifecycle of a product efficiently and effectively.