Why is PLM used?

PLM can be used to increase output with constant resources, to increase revenues or to reduce the resources used to produce a constant output . This all helps to improve the bottom line. PLM helps organisation to achieve this through: Efficiency improvements.

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What is PLM and why is it important?

PLM allows the company not to waste time and effort while the product is going through its lifecycle . PLM can improve the output by: Allowing quick and controlled access to the design information. Collecting reviews from the consumers affected by the information without disturbing the design process.

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What are the 5 stages of PLC?

The product life cycle is the length of time from when a product is introduced to the consumer market up until it declines or is no longer being sold. This cycle can be broken up into different stages, including—development, introduction, growth, maturity, saturation, and decline .

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