Product lifecycle management with knowledge management as a strategic approach for innovative enterprise environment

Process planning knowledge (PPK) is one of the most important knowledge in production manufacturing enterprise. This paper analyzes the PPK and the concept of process planning information model (PPIM) implemented in production enterprise. In second part of the paper, there is done the basic information about PLM concept as a business strategy for product development where are included PPK and PPIM approaches, strategy which offer possibilities for innovation. Product Lifecycle Management (PLM) is the process of managing the whole life cycle of a product starting from generating an idea, concept description, business analyzes, product design, solution architecture and technical implementation, to the successful entrance to the market, service, maintenance and innovative product improvement