Product lifecycle management (PLM) can be applied to the development of this product in several ways. Firstly, during the design and development phase, PLM can help in gathering and managing vital insights about consumer needs and preferences, as was done by IDEO. These insights can aid in prototype production and final design. Secondly, PLM can assist in managing the production process, ensuring that the product is produced efficiently and meets quality standards. Thirdly, PLM can be used to track the product's performance in the market, helping to identify when it's time to update or retire the product. Lastly, PLM can aid in managing the end-of-life of the product, ensuring that it's disposed of in an environmentally friendly manner.
Neglect of product lifecycle management can lead to loss of opportunities and the product’s quick di...
Download template