Final answer:
Product Lifecycle Management (PLM) software is designed to handle the entire lifecycle of a product from design to disposal, including coordination of manufacturing operations and process recommendations.
Step-by-step explanation:
The software that manages the product, beginning with the design of the product, continuing through manufacture and culminating in the disposal of the product, is known as Product Lifecycle Management (PLM) software. This software facilitates the integration of various functions across the entire lifecycle of a product, from initial conception through to design, manufacturing, and service stages, up until the product is retired and disposed of. PLM software often interfaces with design engineering to coordinate the release of new products, helps in estimating manufacturing costs, and sets time standards while making recommendations for tooling and process requirements of new or existing product lines. It typically requires professionals like engineers, who have strong knowledge of manufacturing techniques, process control, and experience with LEAN Six Sigma implementation to effectively utilize and benefit from PLM systems.