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Product Life Cycle Management

Enterprise resource planning Functional areas

Engineering, bill of materials, work orders, scheduling, capacity, workflow management, quality control, manufacturing process, manufacturing projects, manufacturing flow, product life cycle management

New product development

Companies typically see new product development as the first stage in generating and commercializing new product within the overall strategic process of product life cycle management used to maintain or grow their market share.

Product lifecycle management – Forms

Product lifecycle management (PLM) should be distinguished from ‘product life cycle management (marketing)’ (PLCM). PLM describes the engineering aspect of a product, from managing descriptions and properties of a product through its development and useful life; whereas, PLCM refers to the commercial management of life of a product in the business market with respect to costs and sales measures.

Venture funding – The Third Stage

Except that the venture is expanding, the venture also starts to investigate follow-up products and services. In some cases, the venture also investigates how to expand the Product life cycle management|life-cycle of the existing product/service.

Technology lifecycle

Most new technologies follow a similar ‘technology maturity lifecycle’ describing the technological maturity of a product. This is not similar to a product life cycle management|product life cycle, but applies to an entire technology, or a generation of a technology.

Lifecycle management

*Product life cycle management

Product information management

Product data often exists in ERP systems, RD Product life cycle management|PLM systems, spreadsheets and personal databases

Life table

Life tables are also used extensively in biology and epidemiology. The concept is also of importance in product life cycle management.

Military acquisition – Activities

** Product life cycle management

Social movements – Dynamics of social movements

Social movements are not eternal. They have a Product life cycle management|life cycle: they are created, they grow, they achieve successes or failures and eventually, they dissolve and cease to exist.

Service life

Expected service life consists of Product Life Cycle Management|business policy, using tools and calculations from maintainability and Reliability engineering|reliability analysis. Service life is a unique commitment made by the item’s manufacturer and is usually specified as a median. Actual service life is the maximal recorded life of a product.

Learning curve – General learning limits

The same kind of slowing progress due to complications in learning also appears in the limits of useful technologies and of profitable markets applying to product life cycle management and [http://www.actapress.com/PaperInfo.aspx?PaperID=19159reason=500 software development cycles])

Software deployment – Deployment activities

; Retire : Ultimately, a software system is marked as obsolete and Technical support|support by the producers is withdrawn. It is the end of the Product life cycle management|life cycle of a software product.

Product development

Companies typically see new product development as the first stage in generating and commercializing new product within the overall strategic process of product life cycle management used to maintain or grow their market share.

Novell ZENworks

for computer systems management, aims to manage the entire product life cycle management|life cycle of Server (computing)|servers, of desktop computer|desktop personal computer|PCs (Microsoft Windows|Windows or Linux), of laptops, and of handheld devices such as personal digital assistants (PDAs)

ERP software – Functional areas

* Manufacturing: Engineering, bill of materials, work orders, scheduling, capacity, workflow management, quality control, manufacturing process, manufacturing projects, manufacturing flow, product life cycle management

IT asset management

‘IT asset management’ (ITAM) is the set of business practices that join financial, contractual and inventory functions to support Product life cycle management|life cycle management and strategic decision making for the IT environment. Assets include all elements of Computer software|software and Computer hardware|hardware that are found in the business environment.

IT asset management – Hardware asset management

Common business practices include request and approval process, procurement management, product life cycle management|life cycle management, redeployment and disposal management

Design for X – Similar concepts in product development

* ‘Time Dimension:’ Product lifecycle (engineering)|Product Life Cycle, Product Life Cycle Engineering, Product Life Cycle Management (that is not the same like the Product Cycle in business studies and Economics, see e.g. Vernon (1966). Primarily, the unit of analysis is here a product, or more clearly a single item

Marketing plan – Medium-sized and large organizations

#* Product Life Cycle Management|product life cycle management and new product development

Manufacturing engineering – Modern tools

Other CAE programs commonly used by product manufacturers include product life cycle management (PLM) tools and analysis tools used to perform complex simulations. Analysis tools may be used to predict product response to expected loads, including fatigue life and manufacturability. These tools include finite element analysis (FEA), computational fluid dynamics (CFD), and computer-aided manufacturing (CAM).

House brand

Store branding is a Product life cycle management|mature industry; consequently, some store brands have been able to position themselves as premium brands

ERP system – Functional areas

* Manufacturing: Engineering, bill of materials, work orders, scheduling, capacity, workflow management system|workflow management, quality control, manufacturing process, manufacturing projects, manufacturing flow, product life cycle management

Economics of the arts and literature – Cultural industries

* Short product life cycle management|life cycle. Most items are sold shortly after introduction.

Trillium Model – Benefits

* the Product life cycle management|life-cycle cost of the product(s) is minimized, and

Product life-cycle management (marketing) – Goals

The goals of Product Life Cycle management (PLM) are to reduce time to market, improve product quality, reduce prototyping costs, identify potential sales opportunities and revenue contributions, and reduce environmental impacts at end-of-life

AMAX Information Technologies – Location and facilities

OEM projects are based on a turnkey end-to-end process that includes NPI and prototyping services, product life cycle management, custom branding, full-volume manufacturing, customizable QA and test suites, rack-level integration, logistics inventory management, refurbish services and global support.

Venture finance – The Third Stage

Apart from expanding, the venture also starts to investigate follow-up products and services. In some cases, the venture also investigates how to expand the Product life cycle management|life-cycle of the existing product/service.

Direct part marking

‘Direct part marking’ (‘DPM’) is a process to permanently mark parts with product information including serial numbers, part numbers, date codes, and barcodes. This is done to allow the tracking of parts through the full Product life cycle management|life cycle.

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