Product Lifecycle Management : Definition, Benefits, History

Product life-cycle management product life cycle

A product's life cycle is its progress from when it is created to when it is discontinued There are four stages in the cycle, which are

production supervisor In the growth stage, PLM helps to improve product quality and expand the market During the maturity stage, PLM helps to reduce costs and maintain profitability Product Life Cycle is a concept that explains the different stages a product goes through, from its introduction to the market to its It systematically structures a company's long-term marketing and product development efforts in advance, rather than each effort or activity being merely a stop

สูตร the sims The Product Life Cycle defines the stages a product moves through during its lifetime There are typically four commonly accepted product life cycle stages—