product lifecycle management
Product lifecycle management (PLM) refers to the systematic management of a product or service throughout its entire lifespan, encompassing its ideation, design, development, manufacturing, distribution, use, maintenance, and eventual retirement or disposal. It involves coordinating and integrating various aspects of a product's journey to optimize its performance, reduce costs, increase efficiency, and ensure customer satisfaction.
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Related Concepts (1)
Similar Concepts
- business process management
- life cycle
- life cycle analysis
- life cycle assessment
- product development
- product life extension
- product lifecycle
- product maintenance
- product performance
- product quality control
- product stewardship
- product-service systems
- production planning
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- supplier quality management