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A generic lifecycle of products. In industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from its inception through the engineering, design, and manufacture, as well as the service and disposal of manufactured products.
Figure 4. Example of different business processes depending on configuration lifecycle management. Behind the seemingly simple process of configuring and ordering a configurable product, such as a car, lie several business processes of which configuration is an essential part:
Examples of systems acting on ISA-95 Level 4 are product lifecycle management (PLM), enterprise resource planning (ERP), customer relationship management (CRM), human resource management (HRM), and process development execution system (PDES). From the MES point of view, possible information flows are: To PLM: production test results
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, maintain and sustain operational serviceability, and reduce environmental impacts at end-of-life.
Product management is the business process of planning, developing, launching, and managing a product or service. It includes the entire lifecycle of a product, from ideation to development to go to market .
Plant lifecycle management; Plant Simulation; Predictive engineering analytics; Product and manufacturing information; Product data management; Product data record; Product structure modeling; ProductCenter; Professional Systems Associates; Project manager; Protecode
Digital thread, also known as digital chain, [1] is defined as “the use of digital tools and representations for design, evaluation, and life cycle management.”. [2] It is a data-driven architecture that links data gathered during a Product lifecycle from all involved and distributed manufacturing systems. [3]
Lifecycle management or life-cycle management may refer to: Application lifecycle management in software; Building lifecycle management, the design and construction of buildings; Engineering lifecycle management, a product and software development platform by IBM; Information lifecycle management, in computer data storage