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Management Theory

Product Lifecycle Management

Quality and Process Improvement Theories

Product lifecycle management, in industry, is the process of managing the entire lifecycle of a product from its inception through engineering, design and manufacture, as well as its service and eventual disposal. It integrates people, data, processes and business systems to provide a shared product information backbone for a company and its extended enterprise. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/

Facts
Core Claim
The process of managing a product's entire lifecycle, from inception through engineering, design and manufacture, to service and disposal. 1
Origin Year
1985 1
Sources
1. Wikipedia, Product lifecycle
  • Introduction
    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
  • History section, American Motors Corporation
    The inspiration for the burgeoning business process now known as PLM came from American Motors Corporation (AMC)
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