Learning Team Meeting Three Assignment D. Describe the pace at which your product will move through the product life cycle and the factors that will impact its movement. Product Lifecycle Management, PLM, integrates engineering, manufacturing and service to reduce costs, improve quality and reduce time to market. Today, PLM has evolved to include the entire enterprise. This means coexistence with other point solutions and enterprise applications for product information and operations is important. Over time …
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showed last 75 words of 2128 total
…the four stages has their own characteristics, and each is open to different strategies being implemented. However, for many products this stage will prove to be the critical one, many wait until this period before acting, and it is the only stage where some sort of action is critical. Reference: Schwerdtfeger, Liesel. (2001- 2002 The Namibia Economist) The product life cycle Products are born, they prosper and die. Retrieved on January 15, 2005 from http://www.economist.com