0
"One way to improve the management of a product's lifecycle would be to study the lifecycle's of previous, similar products, whether by that company or a competitor. If problems can be found that shortened the lifecycle of the previous product, changes can be made to the new product to overcome these problems."
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is PLM?
product lifecycle management or project lifecycle management, the former is most common.
What is product lifecycle management?
Product lifecycle management is the management of a product from idea, design, development through to use and disposal. For example you have an idea for a new razor blade, PLM is about how you design it, make it, use it, and then what to do with it when its no longer usable.
What information is gained through product lifecycle management?
"Product lifecycle management is basically you managed all the steps of a product, through design, manufacture, service and disposal. It gives you an idea on how products can be successful."
Product life cycle management of onida tv?
product lifecycle of onida tv
What is product lifecycle design?
Product Lifecycle Design is the 2nd step in the Development stage of Product Lifecycle Management. All products go through stages as they age. These stages are called a product's "lifecycle" and usually include Development Introduction. Growth, Maturity, Decline. The demand and profitability of a product changes as it ages through these stages. As companies became more effective at marketing, Product Lifecycle Management (PLM) became an important strategy to maximize profit and demand and includes timing for product refreshes, discounting and of course new product development (NPD) and new designs to replace those in the decline stage.
What kind of IT services does Mahindra Satyam company provide?
Mahindra Satyam is a company that offers business consultancy services, including performance management, cloud computing and product lifecycle management. The company offers it services to a wide range of industries, from Aerospace to Banking and Technology companies.
What is product management?
Product lifecycle management is the management of a product from idea, design, development through to use and disposal. For example you have an idea for a new razor blade, PLM is about how you design it, make it, use it, and then what to do with it when its no longer usable.
Nature and scope of production management and operation management?
Production management is the planning, forecasting, or marketing of a product at all stages of the product's lifecycle. Operations management is overseeing, designing, and controlling the process of production.
Difference between PDM and PLM?
PLM -> Product lifecycle Management , this will deals with the maturity of the product, ie which denotes the life cycle stages of the product..like development or production or obsoletePDM -> Product data management, it is actually the data management like product information,its BOM details etc
What is product life cycle management?
Lifecycle management is one who manages the product throughout the products lifetime. It means from the very beginning to the very end of a product there is someone watching everything about that product. How many were sold, returned, expanded, everything.
What is the purpose of product data management software?
Product data management software allows a business to track the data about their products in an effect manner. The software can help a business track products through their lifecycle and use the data when redesigning the product.
What is the product lifecycle management?
Product Lifecyle Management (or PLM) is a type of guideline that is used by corporations. PLM assures that each component of the product is thoroughly researched and tested. It also tracks the product after the product is ready for consumers. It is an advanced method for creating, designing, and disposing of products and services.
