PLM Solutions, or Product Lifecycle Management Solutions, are software tools designed to manage a product's lifecycle from inception to retirement. They help organizations streamline processes, improve collaboration, and enhance product quality by integrating data, people, and processes across various departments. These solutions enable businesses to track product development, manage changes, and ensure compliance with regulations. By providing a centralized platform for information sharing, PLM Solutions facilitate better decision-making and reduce time-to-market, ultimately leading to increased efficiency and innovation in product development.