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Archive for the ‘PLM’ Category

Any new product that is launched into the market undergoes some basic phases of development. These phases can be similar to human lifecyle or SDLC(software development lifecyle). 1) Birth : This is the fundamental step during which major research and development takes place. New ideas and technologies are implemented to innovate newer designs into the [...]

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“Product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from its conception, through design and manufacture, to service and disposal.” -Wiki In simpler words, PLM stream-lines the new product development procedure, handles and balances the resources allocated to this product throughout its life, and manages the die-out/transition to the [...]

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