PLM software exists since a long time but I agree that it might not serve user needs optimally. But this is more a market failure than a technical problem.
Most are the equivalent of JIRA, i.e. lots of features and bloat that sell well to managers. They work, but only if there are people dedicated to setting them up, enforcing workflows and maintaining them.
Something simpler and more standardized is needed in the physical engineering space to become part of standard practice, like git has for software.
This is true for most business software and very true for something like a PLM, and double super extra true for Autodesk PLM where it’s so unintuitive, clunky, “ Enterprisey” that no one wants to learn or use it without being required to.
Now, consider it like a really bad JIRA but at $75-150 per month. I’m probably overselling it still.
Product lifecycle management (PLM) software provide such features.