Product management is an organisational lifecycle function within a company dealing with the planning, forecasting, and production, or marketing of a product or products at all stages of the product lifecycle. Similarly, product lifecycle management (PLM) integrates people, data, processes and business systems. It provides product information for companies and their extended supply chain enterprise.Product marketing is a component of product management that is under the jurisdiction of a company's product manager or product marketing manager. Responsibilities within product marketing include:Product development is the process of building products that will be consumed or used by others. Product managers often work collaboritvely with engineers, designers, and other stakeholders to accomplish tasks, such as:Many refer to inbound (product development) and outbound (product marketing) functions.