In an earlier post, What Does the “P” in PLM Really Mean?, I discussed what the word “product” means in product lifecycle management (PLM). In this post, I am going to move onto the next letter, “L” for lifecycle.
According to Merriam-Webster, one definition of lifecycle is “a series of stages through which something (as an individual, culture, or manufactured product) passes during its
authoring and, later on, define data management issues for the design department. Not every stage receives equal attention under the PLM umbrella, and the application maturity of each stage is not yet at the same level. Conception is the earliest stage of a product lifecycle. Within this stage, ideas are the raw input and development projects or tasks are the output. New ideas for product development come from different sources such as research work, through newly available technologies, brainstorming