Product Data Management (PDM) software is an information technology tool designed to manage, store and control product data. It can be used to categorize, track and analyze product attributes, as well as manage any changes made to the product throughout its life cycle. PDM software can also be used to create detailed product bills of materials, reducing the time it takes to manufacture goods. With powerful search capabilities and automated workflows, PDM software helps organizations streamline their product development processes, improve product quality and reduce costs. In doing so, PDM software enables businesses to stay competitive in the ever-evolving marketplace.