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Product life-cycle management (PLM) is the succession of strategies 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.
The Product Life Cycle Theory is an economic theory that was developed by Raymond Vernon in response to the failure of the Heckscher–Ohlin model to explain the observed pattern of international trade. The theory suggests that early in a product's life-cycle all the parts and labor associated with that product come from the area where it was ...
A company's place on the matrix depends on two dimensions – the process structure/process lifecycle and the product structure/product lifecycles. [2] The process structure/process lifecycle is composed of the process choice (job shop, batch, assembly line, and continuous flow) and the process structure (jumbled flow, disconnected line flow, connected line flow and continuous flow). [2]
Product lifecycle management (PLM) should be distinguished from 'product life-cycle management (marketing)' (PLCM). PLM describes a product's engineering aspect, from managing its descriptions and properties through its development and useful life. In contrast, PLCM refers to the commercial management of a product's life in the business market ...
Hummingbird Ltd. (previously NASDAQ: HUMC, TSX: HUM) is a subsidiary of OpenText and is a provider of enterprise software products including Exceed. Initially founded as a consulting business in 1984, Hummingbird moved into the connectivity market.
Crossing the Chasm: Marketing and Selling High-Tech Products to Mainstream Customers or simply Crossing the Chasm (1991, revised 1999 and 2014), is a marketing book by Geoffrey A. Moore that examines the market dynamics faced by innovative new products, with a particular focus on the "chasm" or adoption gap that lies between early and mainstream markets.
A product pipeline is a series of products, either in a state of development, preparation, or production, [1] developed and sold by a company, and ideally in different stages of their life cycle. At any point in a company's life, the goal is to have some products in the growth stage, which is the key stage for establishing a product's position ...
Figure 3. A passenger car example of a CLM platform where market and engineering configuration definitions guides the customer to generate a valid and complete Feature String which then drives subsequent processes. Figure 4. Example of different business processes depending on configuration lifecycle management