Product lifecycle
Duration of processing of products
Product lifecycle
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. PLM integrates people, data, processes, and business systems and provides a product information backbone for companies and their extended enterprises.
Read on Wikipedia · Image National Institute of Standards and Technology’s Manufacturing Engineering, Public domain
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