In industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products. PLM integrates people, data, processes and business systems and provides a product information backbone for companies and their extended enterprise.
History
The inspiration for the burgeoning business process now known as PLM came from American Motors Corporation (AMC). The automaker was looking for a way to speed up its product development process to compete better against its larger competitors in 1985, according to François Castaing, Vice President for Product Engineering and Development. After introducing its compact Jeep Cherokee (XJ), the vehicle that launched the modern sport utility vehicle (SUV) market, AMC began development of a new model, that later came out as the Jeep Grand Cherokee. The first part in its quest for faster product development was computer-aided design (CAD) software system that make engineers more productive. The second part in this effort was the new communication system that allowed conflicts to be resolved faster, as well as reducing costly engineering changes because all drawings and documents were in a central database. The product data management was so effective that after AMC was purchased by Chrysler, the system was expanded throughout the enterprise connecting everyone involved in designing and building products. While an early adopter of PLM technology, Chrysler was able to become the auto industry's lowest-cost producer, recording development costs that were half of the industry average by the mid-1990s.
Product life-cycle management (PLM) is the succession of strategies used by business management as a product goes through its life-cycle. The conditions in which a product is sold (advertising, saturation) changes over time and must be managed as it moves through its succession of stages.
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. To create successful new products the company must understand its customers, markets and competitors. Product Lifecycle Management (PLM) integrates people, data, processes and business systems. It provides product information for companies and their extended supply chain enterprise. PLM solutions help organizations overcome the increased complexity and engineering challenges of developing new products for the global competitive markets.
Hydrogen produced using both electricity and methane will be considered “clean” as long as its lifecycle greenhouse gas emissions of the production process are lower than 4 kilograms of carbon dioxide equivalents per kilogram of hydrogen.
By reducing the dependency on hardware availability, this initiative aims at streamlining and speeding up product development lifecycles, ensuring that advanced mobility solutions reach the market ...
BEIJING, Jan ... By then, whole-lifecycle regulation in this field will be strengthened to ensure product safety and quality, as per the guideline ... Enditem .
It found that 65.3% of water- or stain-resistant products contained PFAS... Ignoring a product’s environmental lifecycle can have serious consequences, as shown by AFFF lawsuits ... Similarly, PFAS-laden clothing poses risks throughout its lifecycle.
Reasons To Choose The Products ... This includes design simulation analysis, custom interfaces, technical troubleshooting, installation guidance, and maintenance recommendations throughout the full product lifecycle.
By then, whole-lifecycle regulation in this field will be strengthened to ensure product safety and quality, as per the guideline ... and the efficiency of their conversion into marketable products.
Administration officials said the credit is based only on the lifecycle emissions of the hydrogen production process, rather than on how the hydrogen is produced.
By then, whole-lifecycle regulation in this field will be strengthened to ensure product safety and quality, as per the guideline ... and the efficiency of their conversion into marketable products.
“We believe that PS5 will have a long lifecycle, just like PS4,” said Nishino ... “For example, PS4 has been in the process of automated production, and the quality of the hardware is high.
... of design related issues and propose robust corrective actions.Full Product Lifecycle knowledge or experienceWillingness to provide support to and mentor other Engineers and Engineering Technicians.
... lifecycle stages.” ... The refined digital thread definition highlights critical elements, including seamless, secure data flow across the product lifecycle and all organisations, silos and stakeholders.
This policy holds manufacturers accountable for the entire lifecycle of their products, including waste recovery and treatment, thereby promoting sustainable production and consumption patterns.
... are increasingly prioritizing sustainability in their operations and product offerings ... The company has pledged to become carbon-neutral across its entire supply chain and product lifecycle by 2030.
This powerful solution allows for tracking, tracing, authenticating, and verifying materials and products across their entire lifecycle ... However, the linear production, use, and disposal model ...
By guaranteeing the attainment of all international standards, such as IEC 62271-100, users can be assured that they are investing in a product that meets high safety standards while providing superior performance over its lifecycle.
