Logical Volume Management (LVM) is a system that allows users to manage disk storage more flexibly than traditional partitioning methods. It enables the creation of logical volumes that can be resized, moved, or combined without needing to reformat the underlying physical disks. This flexibility is particularly useful for managing storage in servers and complex systems. LVM works by abstracting the physical storage into a pool of resources. Users can create volume groups from physical volumes and then allocate logical volumes as needed. This approach simplifies storage management, making it easier to adapt to changing requirements and optimize disk usage.